Fujairah LSFO suffers brunt of sales drop Blending pool stocks hit by sanctions on Russia HSFO sales holding up The Port of Fujairah’s bunker sales slumped in February to their lowest since reporting began in 2021 as traders balked at selling to Russian-flagged vessels and buyers tried to minimize purchases because of high prices after Russia’s invasion of Ukraine. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total sales dropped 5.2% month on month to 617,622 cu m, the lowest since at least January 2021, according to data published March 16 on the Fujairah Oil Industry Zone website. FOIZ began reporting monthly bunker sales in March 2021 exclusively to S&P Global Commodity Insights, with the data starting in January 2021. Bunker demand dropped as local suppliers rejected purchase orders from Russian-flagged vessels, local sources said. At the same time, buyers tried to […]