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GCC Energy Commodities: The Bunker Line
Where ships refuel when the Gulf is a war zone — Fujairah's inversion, Oman's outside-the-strait option, and the clean-fuel race that did not pause
APAC · GCC04 SEPT 202616 MINCLOSED
01
Overview — the bunker line moved
This is the Bunkering Edition of the GCC energy-commodities series. The companion study, The Rerouted Barrel , mapped where the region's oil and gas went when the Strait of Hormuz became a war zone. This edition answers the question underneath it: where do the ships themselves now refuel — and who captures the margin when the world's third bunkering hub goes quiet? Two signals dominate the 30-day window to early September 2026. First, Fujairah completed a structural inversion. The UAE east-coast port sold 231,865 m³ of bunkers in July — a +167.2% rebound from June's record low, yet stil…
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