The Latest Breaking News from Ras Tanura

Oil slide deepens as Saudi exports reach 90% of pre-war level

Brent futures slipped to near $70 a barrel in London, hitting their lowest since the week before the Iran war began on Feb 28. Saudi Arabia managed to load crude at almost 90% of previous levels after restarting shipments late last week from its giant Ras Tanura terminal, according to…

The Economic Times · Jul 2

Oil down 2% amid resumption of Hormuz shipments even as vessel hit near Oman

Aramco ​resumes Ras Tanura oil ⁠loadings after ⁠four-month halt

Bangkok Post · Jun 26

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

The Economic Times · Jun 26

Saudi Aramco Stock Surges Amid Geopolitical Tensions Following Drone Strike on Ras Tanura Refinery

Shares of Saudi Arabian Oil Co., commonly known as Saudi Aramco, climbed sharply in recent trading sessions as escalating Middle East tensions, including a reported drone strike on one of its key facilities, rattled regional markets while boosting investor interest in the world's largest oil producer.

International Business Times · Mar 2

Saudi Aramco Shuts Down Ras Tanura Refinery After Iranian Drone Strike

Saudi Arabia's state oil giant Aramco halted operations at its massive Ras Tanura refinery on Monday after a drone strike targeted the facility, an industry source told Reuters, marking a dramatic escalation in the regional conflict as Iran retaliated against U.S. and Israeli strikes that killed Supreme Leader Ayatollah Ali…

International Business Times · Mar 2

Iran Launches Missile and Drone Barrage on Israel, Gulf States; Ras Tanura Oil Hub Hit

Tensions between the United States–Israel alliance and Iran escalated sharply on Monday as Tehran launched a new wave of missile and drone strikes targeting Israel and several Gulf states, marking a significant expansion of the ongoing regional confrontation.

Whats Hot · Mar 2

Watch: Saudi Aramco oil refinery, one of the Middle East’s largest hubs, hit by Iranian drone

Saudi Aramco's Ras Tanura refinery facility was struck by a drone, leading to its shutdown and exacerbating global supply concerns. This incident follows attacks on vessels in the Strait of Hormuz, nearly halting oil shipments. The drone strike is part of a wider regional escalation, with other Gulf states also…

The Times of India · Mar 2

Saudi Arabia hikes July crude prices surprisingly high for Asia buyers

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

Reuters · Jun 6, 2022