Al-Arabi Al-Jadeed: Targeting Saudi oil facilities raises energy market concerns
Global energy markets are awaiting trading on Monday to figure out the clearest picture of a missile strike on Saudi Arabia’s Aramco oil refinery near the capital, Riyadh, and its impact on oil prices.
Although the blow to the refinery has had no effect on the country’s oil production or refining, the attacks usually carried out by the Houthi group are a constant headache for the kingdom.
On Friday evening, Saudi officials said they had taken control of a fire that broke out following a drone strike at an oil refinery near Riyadh, and that no injuries or deaths had been reported. The Houthi group said the strikes were carried out with six drones but said they had hit their targets with high accuracy.
Global energy markets fear continued attacks and the possibility of attacking more critical facilities affecting Saudi oil supplies to countries around the world.
Saudi Arabia is the world’s largest exporter of crude oil, totaling 6.5 million barrels per day, according to data released last January by the Judi Oil Data Joint Initiative.
On Friday evening, the Saudi authorities announced the control of a fire that broke out in an oil refinery near Riyadh, following an attack by drones, without any injuries or deaths. While the Houthi group announced the implementation of these attacks with six drones, it said that they had hit their targets with high accuracy
