Resid/bunkers: Fujairah tight on shrinking Iranian supplies

摘要

The Fujairah 380 CST bunker market is expected to remain tight as Iranian supplies dwindle and demand goes Up, traders said Thursday. The market has been experiencing bouts of tightness since late May, driven by lower supplies as fuel oil was diverted for power generation in the summer months. Iran, a major fuel oil supplier to the United Arab Emirates port, is not only consuming more fuel oil domestically for power generation, but is also diverting it to China, Europe and other destinations, market sources said.