Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

The Ratings Overhaul that Could Add to the Sustainability Reporting Burden

March 16, 2026

Gas agency owner in Coimbatore arrested for hoarding commercial LPG cylinders, ETEnergyworld

March 16, 2026

BCG Consultant Pessimistic Humans Can Overcome ‘AI Brain Fry’

March 16, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » UAE’s Fujairah hit, causing a large fire at the key oil trading hub
Emissions Regulations

UAE’s Fujairah hit, causing a large fire at the key oil trading hub

omc_adminBy omc_adminMarch 16, 2026No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


A family sits against the backdrop of a dockyard off the coastal city of Fujairah, in the Strait of Hormuz in the northern Emirate on Feb. 25, 2026.

Giuseppe Cacace | Afp | Getty Images

A drone attack at the United Arab Emirates’ key oil trading hub of Fujairah triggered a large fire, authorities said on Monday, with no injuries reported.

“Civil Defense teams in the Emirate immediately responded to the incident and are continuing their efforts to control it,” Fujairah Media Office said on social media, according to a Google translation.

Oil loading operations at the major oil bunkering hub had been suspended as a result of the drone attack, Reuters reported, citing two unnamed sources. CNBC has contacted the UAE’s ADNOC and is awaiting a response.

The attack comes after a separate drone strike and fire at Fujairah on Saturday, underlining the vulnerability of the UAE’s only export route that bypasses the strategically vital Strait of Hormuz.

Shipping traffic through one of the world’s most important energy choke points has virtually ground to a halt since the U.S. and Israel launched strikes against Iran on Feb. 28.

Iran has retaliated by targeting ships trying to pass through the maritime corridor, with several incidents reported in recent days.

Read more U.S.-Iran war news

Fujairah sits at the end of the UAE’s Abu Dhabi Crude Oil Pipeline (ADCOP), or the Habshan–Fujairah oil pipeline, which bypasses the Strait of Hormuz.

Spanning around 248 miles from onshore oil facilities at Habshan to Fujairah, the pipeline is estimated to handle 1.5 million barrels per day, with a reported total capacity of close to 1.8 million barrels per day.

Iran’s Islamic Revolutionary Guard Corps said over the weekend that U.S. interests in the UAE, including ports, docks and military locations, were legitimate targets.

Iran’s state media also warned residents and workers in the area of the Fujairah, Jebel Ali and Khalifa ports to evacuate as soon as possible, saying U.S. military forces were present.

Oil prices extended gains on Friday morning. International benchmark Brent crude futures with May delivery traded 3% higher at $106.18 per barrel, while U.S. West Texas Intermediate futures with April delivery advanced 2% to reach $100.66.

Both contracts have surged more than 50% over the past month, reaching their highest levels since 2022.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Oil meme trade? Crude drawing record retail money

March 16, 2026

Big Tech looks to carbon credits amid AI race; Microsoft leads

March 16, 2026

What an attack means for oil markets

March 16, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Cheap parcels from China will no longer be duty-free. Here’s what it means for buyers and sellers

May 1, 20259 Views
Don't Miss

Empowering People in Oil and Gas

By omc_adminMarch 16, 2026

Iran denied US President Donald Trump’s assertion that it wants ceasefire talks, launching fresh attacks…

Trump invokes Defense Production Act in restarting oil unit offshore California

March 16, 2026

U.S. strikes on Iran’s Kharg Island avoid hitting oil installations

March 16, 2026

U.S. clarifies 172 MMbbl SPR release will be oil exchange

March 15, 2026
Top Trending

The Ratings Overhaul that Could Add to the Sustainability Reporting Burden

By omc_adminMarch 16, 2026

ESG Today: Week in Review

By omc_adminMarch 15, 2026

Germany misses climate targets as emissions barely fall in 2025 | Germany

By omc_adminMarch 14, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202519 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views
Our Picks

TotalEnergies Plays Down War Impact on Operations

March 16, 2026

IEA Expects Quick Release of Asia Pacific Oil Stocks

March 16, 2026

Trump invokes Defense Production Act in restarting oil unit offshore California

March 16, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.