Fujairah Port's Strategic Importance to Global Oil Market Highlighted
The Port of Fujairah, a major global hub for refuelling and crude/fuel exports, is highlighted for its critical role in the oil market, following recent reports of suspended operations after a drone attack.
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Why does UAE’s Fujairah port matter to the oil market?
Some oil-loading operations have been suspended in the United Arab Emirates’ (UAE) 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 per cent of daily world demand. The port is located on the Gulf of Oman, approximate...
By none@none.com (Reuters)
Read full article →Why does the port of Fujairah matter to the oil market?
Fujairah exported about 1.7 million bpd of crude and fuels last year, about 1.7% of global demand
By Reuters
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