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The end-of-week price of 380 centistoke (cSt) intermediate fuel oil (IFO) at the port of Fujairah fell to its lowest level since mid-January on Friday, according to Bunker Index price data.

The Fujairah 380 cSt bunker price was down by $30.00 per tonne, or 9.5 percent, to $285.00 per tonne on July 31 compared to $315 per tonne on July 24. It is the lowest end-of-week price since January 16, when $285.00 per tonne was also recorded.

In percentage terms, the 9.5 percent decline is the most significant of the year so far. In dollar terms, it equals the $30 drop recorded on March 13.

Please find a summary of end-of-week Fujairah 380 cSt prices below (in US$ per tonne) since the start of the year.

Fujairah 380 cSt summary:

Date	Week	Price ($)	$ (+/-)	% (+/-)
31/07/2015	Week 31	285.00	-30.00	-9.5
24/07/2015	Week 30	315.00	11.00	3.6
17/07/2015	Week 29	304.00	-11.00	-3.5
10/07/2015	Week 28	315.00	-6.00	-1.9
03/07/2015	Week 27	321.00	-14.00	-4.2
26/06/2015	Week 26	335.00	-10.00	-2.9
19/06/2015	Week 25	345.00	-7.50	-2.1
12/06/2015	Week 24	352.50	3.50	1.0
05/06/2015	Week 23	349.00	-18.50	-5.0
29/05/2015	Week 22	367.50	-15.50	-4.0
22/05/2015	Week 21	383.00	-1.50	-0.4
15/05/2015	Week 20	384.50	-5.50	-1.4
08/05/2015	Week 19	390.00	17.50	4.7
01/05/2015	Week 18	372.50	13.50	3.8
24/04/2015	Week 17	359.00	8.50	2.4
17/04/2015	Week 16	350.50	31.00	9.7
10/04/2015	Week 15	319.50	4.50	1.4
03/04/2015	Week 14	315.00	-15.00	-4.5
27/03/2015	Week 13	330.00	21.00	6.8
20/03/2015	Week 12	309.00	-23.50	-7.1
13/03/2015	Week 11	332.50	-30.00	-8.3
06/03/2015	Week 10	362.50	-12.50	-3.3
27/02/2015	Week 9	375.00	-8.50	-2.2
20/02/2015	Week 8	383.50	18.50	5.1
13/02/2015	Week 7	365.00	15.00	4.3
06/02/2015	Week 6	350.00	57.50	19.7
30/01/2015	Week 5	292.50	-5.00	-1.7
23/01/2015	Week 4	297.50	12.50	4.4
16/01/2015	Week 3	285.00	0.00	0.0
09/01/2015	Week 2	285.00	-28.00	-8.9
02/01/2015	Week 1	313.00	--	--