Possible Fire at Saudi Petro Rabigh Refinery After Reported Attack
Reports of a possible attack on Saudi Arabia's Petro Rabigh refining and petrochemical complex north of Jeddah emerged on Monday, although Saudi authorities have so far not confirmed that an attack took place. Iran's Tasnim news agency, citing Yemeni sources, reported that an oil refinery in the Jeddah area was hit.
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Why: Saudi refinery attack reports → supply risk premium
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At publication → CurrentBRENTOIL102.50 → 102.21−0.3%
CL91.21 → 91.14−0.1%