17JUL2019 - NEWS - Singapore bunker sales fall below 4mn t in June

Singapore bunker sales fall below 4mn t in June

Marine fuel sales in Singapore fell again in June, government data show.Total sales in the port were 3.92mn t last month, down by 87,000t from May and lower by 2,400t from a year earlier, provisional data from Singapore's Maritime and Port Authority (MPA) show.This is the sixth consecutive month in which bunker sales have declined from a year earlier. Bunker sales in Singapore during the first six months of 2019 are now down by 1.64mn t or 6.5pc compared to the same period last year.The June total was largely in line with expectations. But consumption is expected to be stronger in July, as buyers switch away from Fujairah because of an increase in war risk premiums in the Mideast Gulf.