Fujairah Monthly Bunker Sales Rebound in July from Record Low

Marine bunker fuel sales at the United Arab Emirates' Fujairah port recovered in July from a record low in June, posting their first monthly climb this year as supplies were replenished during a brief lull in hostilities between the U.S. and Iran.

In June and July, more tankers were able to exit the Strait of Hormuz, which has been largely shut since the U.S. and Israel attacked Iran at the end of February, though volumes remained well below pre-conflict levels, said market sources.

* Bunker sales, excluding lubricants, totalled 231,865 cubic metres (about 230,000 metric tons) for July, up from a record low of 86,769 tons in June, based on the latest Fujairah Oil Industry Zone data published by S&P Global.

* Low-sulphur residual bunker sales more than tripled from the prior month to 145,187 cubic metres in July.

* High-sulphur residual bunker sales gained 66% over the same period to 70,312 cubic metres.

* Low-sulphur marine gasoil sales more than doubled to 16,198 cubic metres, while other marine gasoils totalled 168 cubic metres, down 7% from June.

* The market share of low-sulphur bunker fuel widened to 70% in July from 51% in June, while high-sulphur bunker fuel narrowed to 30% from 49%.