Oil products in Fujairah low in two-weeks

  • Date: 11-Nov-2020
  • Source: Gulf Today
  • Sector:Oil & Gas
  • Country:UAE
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Oil products in Fujairah low in two-weeks

European, Asian shares rise over the prospect of a COVID-19 vaccine

The future of fuel supplies will most likely be tight due to Bahrain Petroleum Co exiting the oil business by 2025, said Bapco Chairman Dawood Nassif in a Gulf Intelligence interview.

On Tuesday, Fujairah completed a marine fuel supply with 0.5% sulphur, which was assessed at US $355/mt, equal to Singapore the world's largest bunker market.

On Monday, diesel amounted 5.356 million barrels, less than 2 per cent from the previous week. Gasoline was 5.374 million barrels, more than 1 per cent.