{"id":541531,"date":"2026-03-15T07:39:16","date_gmt":"2026-03-15T07:39:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/541531\/"},"modified":"2026-03-15T07:39:16","modified_gmt":"2026-03-15T07:39:16","slug":"why-does-the-port-of-fujairah-matter-to-the-oil-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/541531\/","title":{"rendered":"Why does the port of Fujairah matter to the oil market?"},"content":{"rendered":"<p>LONDON: Some <a href=\"https:\/\/www.channelnewsasia.com\/commentary\/strait-hormuz-iran-war-oil-pipelines-saudi-arabia-uae-5981156\" rel=\"nofollow noopener\" target=\"_blank\">oil-loading operations<\/a> have been suspended in the United Arab Emirates&#8217; Fujairah port, a major global hub for refuelling ships as well as crude and fuel exports, after a drone attack and fire on Saturday (Mar 14).<\/p>\n<p>WHY DOES FUJAIRAH MATTER GLOBALLY?<\/p>\n<p>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.<\/p>\n<p>The port is located on the Gulf of Oman, approximately 70 nautical miles from the <a href=\"https:\/\/www.channelnewsasia.com\/world\/iran-war-strait-hormuz-disrupt-oil-markets-middle-east-5989391\" rel=\"nofollow noopener\" target=\"_blank\">Strait of Hormuz<\/a>, which is effectively closed due to the Iran war, increasing the importance of Fujairah&#8217;s flows to the global market during the current conflict.<\/p>\n<p>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&#8217;s Zhoushan.<\/p>\n","protected":false},"excerpt":{"rendered":"LONDON: Some oil-loading operations have been suspended in the United Arab Emirates&#8217; Fujairah port, a major global hub&hellip;\n","protected":false},"author":2,"featured_media":541532,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,268289,5575,1055],"class_list":["post-541531","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy","tag-global-oil-prices","tag-iran","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/541531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=541531"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/541531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/541532"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=541531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=541531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=541531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}