Why does the port of Fujairah matter to the oil market?
Orientul Mijlociu
LONDON: 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 (Mar 14). 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,
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