29AUG2019 - NEWS - Fujairah bunker demand strengthens as discount to Singapore widens to new record

Bunker fuel demand has strengthened at the Middle Eastern bunkering hub of Fujairah as delivered bunker prices at Singapore have soared above that of Fujairah, forcing the price gap between these two ports to widen to a new record.

Platts assessed the Fujairah/Singapore delivered 380 CST bunker fuel spread at minus $53.65/mt at Wednesday's Asian close, the widest on record. Platts had assessed the delivered grade in Fujairah at $386.35/mt, up $14.85/mt from Tuesday, while the same delivered grade was assessed at $440/mt in Singapore, up $35/mt day on day.