financetom
Business
financetom
/
Business
/
EXPLAINER-Why does the port of Fujairah matter to the oil market?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EXPLAINER-Why does the port of Fujairah matter to the oil market?
Mar 14, 2026 8:32 AM

LONDON, March 14 (Reuters) - Some oil-loading operations

have been suspended in the United Arab Emirates' Fujairah port,

a major global hub for refuelling ships as well as crude and

fuel exports, after a drone attack and fire on Saturday.

WHY DOES FUJAIRAH MATTER GLOBALLY?

Fujairah exported more than 1.7 million barrels per day of

crude oil and refined fuels on average last year, according to

Kpler data, a volume equal to about 1.7% of daily world demand.

The port is located on the Gulf of Oman, approximately 70

nautical miles from the Strait of Hormuz, which is effectively

closed due to the Iran war, increasing the importance of

Fujairah's flows to the global market during the current

conflict.

It sold 7.4 million cubic metres (about 7.33 million metric

tons) of marine fuels in 2025, making it the fourth largest in

the world after Singapore, Rotterdam and China's Zhoushan.

WHY DOES IT MATTER TO THE UAE?

The UAE, which before the war began produced more than 3.4

million bpd of crude, operates a 1.5 million bpd pipeline that

can transport some crude to bypass the Strait of Hormuz.

The Abu Dhabi Crude Oil Pipeline (ADCOP), also known as the

Habshan-Fujairah Pipeline, transports oil from Abu Dhabi's

fields to Fujairah. The port loads the UAE crude grade Murban,

sold mostly to buyers in Asia.

With Hormuz largely shut to exports, significant disruptions

at Fujairah would force OPEC's third-largest crude producer to

shut down more production.

WHY DOES IT MATTER TO CRUDE AND FUEL MARKETS?

The port has a storage capacity of 18 million cubic metres,

making it one of the world's top hubs for storing crude and

fuels as well as blending operations.

Blending in the oil industry is the process of mixing

different petroleum components to create finished products such

as gasoline and bunker fuels that meet specific standards.

Major global storage companies operate at the port,

including VTTI, Vitol, ADNOC, Vopak, and others.

The Fujairah Oil Industry Zone hosts the Middle East's

largest commercial storage capacity for refined products.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved