FOIZ
Fujairah Oil Industry Zone authority; publisher of the canonical weekly Fujairah product-inventory statistics.
Last refreshed: 26 May 2026 · Appears in 1 active topic
Will Fujairah stocks recover to pre-conflict norms, or has the Hormuz disruption reset the region's buffer?
Timeline for FOIZ
Mentioned in: Fujairah distillates double at the floor
European Oil MarketsBackground
The Fujairah Oil Industry Zone (FOIZ) is the regulatory and commercial authority governing the Fujairah free-zone oil storage and bunkering hub on the UAE's east coast, outside the Strait of Hormuz. Its primary significance to global oil markets is the weekly inventory release it jointly publishes with the S&P Global Commodity Insights data service: the Fujairah product stocks report, the only regular public dataset on refined-product inventories in the Middle East/Indian Ocean region. Unlike the EIA (US) or Euroilstock (Europe), FOIZ data is the canonical reference for east-of-Suez distillate, fuel oil, and middle-distillate stock levels, and moves tanker freight assessments and crack spreads when it prints. Total Fujairah stocks fell to a record low of 6.5mb in the week to 8 May 2026 before rebuilding by +96kbd to 6.593mb in the week to 18 May .
FOIZ administers the licensing regime for the roughly 10 million cubic metres of oil storage capacity in the Fujairah industrial zone, covering tank farms operated by ADNOC, Vopak, Brooge, and independent traders. The zone's east-coast geography makes it the primary bunkering hub for vessels trading Indian Ocean and Asia-Pacific routes without transiting Hormuz — a positioning that gained strategic importance after Iran restricted Strait access in the 2025-2026 conflict. FOIZ's REMIT covers port administration, environmental compliance, and the licensing of ship-to-ship transfer operations that give Fujairah its role as a switching point for Russian KEBCO cargoes transiting via the Hormuz alternative.
In the european-oil-markets and Iran-conflict-2026 contexts, FOIZ inventory data is a leading indicator: a falling Fujairah distillate stack typically precedes a European crack-spread widening as east-of-Suez demand draws down the region's floating buffer stock. FOIZ is institutionally distinct from the Port of Fujairah (managed by the Fujairah Port Authority) and from the UAE's federal energy regulator, though all three share reporting relationships with the Abu Dhabi government.
