UAE's Fujairah resumes oil loadings after attack, sources say

Oil loading operations at the United Arab Emirates' Fujairah emirate, a major bunkering hub and crude export terminal, have resumed after a drone attack and fire on Saturday, four sources told ‌Reuters, but ⁠it ⁠was unclear if the operations were back to normal.

The U.S.-Iran war has ​already cut Middle Eastern oil production by over 7 million barrels per ​day or 7% of global supply. Disruptions at Fujairah might force OPEC’s third-largest crude producer to shut down more ​production after already cutting output at its ⁠offshore fields.

Also Read: Some Fujairah oil operations outside Strait of Hormuz suspended after drone attack and fire

The U.S.-Iran war has ​already cut Middle Eastern oil production by over 7 million barrels per ​day or 7% of global supply. Disruptions at Fujairah might force OPEC’s third-largest crude producer to shut down more ​production after already cutting output at its ⁠offshore fields.

Fujairah, ‌outside the Strait of Hormuz, 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. It also has the Middle East’s largest commercial storage capacity for refined products.

Iran threatened new attacks on UAE ports on Saturday after U.S. strikes on its Kharg Island facilities. Iran warned residents to ‌leave areas near Jebel Ali port in Dubai and Khalifa port in Abu Dhabi as well as Fujairah, Iranian news agencies ⁠reported.

Also Read: Smoke seen rising from direction of UAE energy facility

Abu Dhabi state oil firm ADNOC, which operates in the emirate, did not respond to a request for comment.

On Tuesday, ​ADNOC shut its Ruwais refinery. Bloomberg News earlier reported the resumption of oil loading operations in the emirate.