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Reports of huge fire at Aramco oil facility in Saudi Arabia


Saudi Aramco’s logo can be seen in Abqaiq (Saudi Arabia), October 12, 2019.

Maxim Shemetov | Reuters

According to media reports, a plume of smoke rose from the Saudi Arabian oil facility at Jeddah. It was seen just after Yemen’s Houthi rebel group announced that they would issue a statement regarding a military operation.

A source at Reuters said that a Saudi Aramco facility was attacked, and the Associated Press cited video footage of a raging oil depot fire.

Brent crudeJust after the news, $1.20 or 0.7% rose to $119.92 per barrel. U.S. West Texas Intermediate crudeIt was 0.9% higher at $113.34, an increase of $1.04 or $1.04. Both traded earlier in the session in negative territory.

Saudi officials have confirmed that another attack was made on Aramco facilities. Houthi rebels using missiles and drones to target at least six sites across Saudi Arabia, including an Aramco fuel depot and a liquefied natural gas plant.

“There were no injuries or fatalities, and no impact on the company’s supplies to customers,” Aramco CEO Amin Nasser said on an earnings call on Sunday.

Aramco was the victim of a major attack on its facilities back in 2019.

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