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?
- What is FOIZ and why do oil traders watch its weekly data?
- FOIZ (Fujairah Oil Industry Zone) is the UAE authority that governs Fujairah's oil hub and publishes the only regular public inventory data for the Middle East/Indian Ocean region. Its weekly stocks report moves crack spreads and tanker freight assessments globally.Source: European Oil Markets briefing
- Where are the Fujairah oil storage tanks located?
- The Fujairah storage hub sits on the UAE's east coast, outside the Strait of Hormuz, making it a key bunkering and transshipment point for vessels on Indian Ocean and Asia-Pacific routes.Source: European Oil Markets briefing
- How often does Fujairah publish inventory data?
- FOIZ publishes weekly product inventory statistics in partnership with S&P Global Commodity Insights, covering total stocks and product-grade breakdowns.Source: European Oil Markets briefing
Background
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.
