UAE’s Port of Fujairah Resumes Oil Loadings Following Drone Attack

Oil loading operations at the United Arab Emirates' Port of Fujairah resumed after a drone attack and fire on Saturday, four sources told Reuters. However, it remained unclear whether terminal operations had returned completely to normal.

India's Ministry of Petroleum and Natural Gas stated that an Indian-flagged vessel, the Jag Laadki, was loading crude at a single point mooring when the Fujairah terminal was struck. The vessel loaded 80,800 tonnes of UAE Murban crude and sailed safely for India on Sunday, with all Indian crew members confirmed safe.

The broader regional conflict has already cut Middle Eastern oil production by more than seven million barrels per day, equivalent to approximately 7% of global supply. Continued operational disruptions at Fujairah could force OPEC's third-largest crude producer to shut in additional production after already reducing output at offshore fields.

Located on the Gulf of Oman roughly 70 nautical miles outside the Strait of Hormuz, Fujairah provides an alternative route while the strait is effectively shut. According to Kpler data cited by the report, the port exported an average of more than 1.7 million barrels per day of crude and refined products last year, representing approximately 1.7% of daily world demand.