World News
Oilmar Holds Town Hall Meeting Following Management Buy-Out
UAE-based marine fuel trading firm Oilmar DMCC has held its first Town Hall of Q1 2026 following its recent management buy-out.
The session included a review of year-end financial results, profit performance and key developments since the company's last Town Hall in 2025, it said in a LinkedIn post on Wednesday.
In October 2025, Oilmar confirmed that its ownership had officially transferred to the executive team as part of a management buy-out, following reports concerning its former owner.
During the Town Hall meeting, Oilmar staff were also updated on the company's governance framework following the buy-out.
Ultimate beneficial owner Yusif Mammadov said Oilmar is moving toward a board-led governance model aimed at strengthening oversight, clarifying responsibilities and supporting long-term growth.
The company also announced internal promotions and organisational updates, and launched a 10th anniversary initiative marking a decade in business.
As part of its growth plans, Oilmar announced the establishment of a China desk to support expanded engagement in the region.
The firm said the management buy-out ensures full operational independence and continuity as it enters its next phase of growth.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.50 | 3.00 | 704.00 | 6.50 |
| Rotterdam | 481.00 | 0.50 | 718.50 | 3.50 |
| Houston | 488.50 | 2.00 | 711.00 | 1.50 |
| Fujairah | 507.50 | 0.50 | 774.00 | 2.50 |
| Global 20 Ports Average | 537.50 | 0.50 | 793.50 | 2.00 |
| Global 4 Ports Average | 497.00 | 1.50 | 727.00 | 1.00 |
| Global Average Bunker Price | 573.00 | 0.50 | 829.50 | 3.00 |
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