Fujairah April term ex-wharf bunker premiums normalize after brief spike

Ex-wharf marine fuel 0.5%S cargoes for balance-April term contractual supply at the UAE’s bunkering hub of Fujairah have been concluded at premiums in the $3-$8/mt range to benchmark FOB Singapore marine fuel 0.5%S cargo values, following brief spikes to double-digits in the week ended April 14, traders in Fujairah told S&P Global Commodity Insights April 20. Two crude distillation units…