Wednesday 24 August 2016
Fujairah port

PetroChina in talks for Fujairah oil storage facility

Chinese oil major PetroChina is in talks with the government of Fujairah to build oil storage facilities at the Fujairah port, industry and port sources told Reuters. Petrochina, the world's second-most valuable oil firm after Exxon Mo


Fuel oil supply still tight in Fujairah

Middle East fuel oil bunker premiums at the UEA's port of Fujairah remained at around $15 to $20 a tonne this week, even with fresh imports from India and Saudi Arabia, traders said. Fuel oil supply tightened early into the start of th

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