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Saudi Aramco temporarily shuts Ras Tanura refinery after drone strike: Report
Saudi Aramco halted Ras Tanura refinery operations after a drone strike caused a limited fire; the site processes over 550,000 barrels daily and local supply remained unaffected.
- On Monday, Saudi Aramco paused operations at Ras Tanura after a drone strike targeted the refinery near Dammam, causing a temporary shutdown.
- Amid an escalation, the IRGC claimed responsibility for the drone strike on Monday, targeting US and Israeli interests in the region.
- Two drones were intercepted at the facility, causing a small fire from falling debris that was controlled; some operational units at Ras Tanura were shut as a precaution, with no injuries, Saudi defence ministry spokesperson said.
- Markets reacted swiftly as Ras Tanura's temporary closure adds to supply anxieties with capacity over 550,000 barrels per day, driving Brent crude futures up roughly 10% to over $82 a barrel on Monday.
- After the September 2019 Abqaiq and Khurais attacks that knocked out more than half of Saudi crude production, Wood Mackenzie warned oil prices could top $100 per barrel if tanker traffic through the Strait of Hormuz is not restored quickly.
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Qatar & Saudi Arabia Halt Some Energy Operations After Iranian Strikes on Critical Energy Infrastructure; Iranian Media Claims Strikes Were “False Flags”
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. Qatar and Saudi Arabia have halted key energy operations following drone and missile attacks from Iran. Getting into it: In Qatar, liquefied natural gas production was halted af…
Saudi Arabia's oil company has temporarily shut down its Ras Tanoura refinery after it was hit by an Iranian drone strike and caught fire, amid the escalating conflict in the Middle East.
Coverage Details
Total News Sources164
Leaning Left23Leaning Right35Center23Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
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