Fujairah bunker prices climb while all three grades stay tight

Bunker prices moved up across most East of Suez ports on 11 November, according to Engine. Fujairah led the rise. Its VLSFO gained more than in Singapore or Zhoushan, and its LSMGO jumped sharply in a single day, pushing its premium over Singapore gas oil much wider. HSFO in Fujairah also rose, while Singapore HSFO fell.

Engine reports that availability in Fujairah is tight for VLSFO, LSMGO and HSFO. This applies both to prompt delivery dates and to dates further ahead, so waiting a few days is unlikely to make things easier.

The backdrop is a new security worry near the Strait of Hormuz. UKMTO said a vessel was hit by an unknown projectile off the coast of Oman on Tuesday and advised ships to transit with caution. Brent bounced on the news.

For buyers, the message is simple:

• Send Fujairah enquiries early and allow extra notice for any grade.
• Check whether a Singapore or Zhoushan stem fits the voyage, since Fujairah VLSFO now sits only a little below those hubs.
• Keep an eye on Gulf security notices, which can move prices within a day.