{"id":3408,"date":"2026-10-28T10:04:27","date_gmt":"2026-10-28T05:04:27","guid":{"rendered":"https:\/\/ipp-news.com\/?p=3408"},"modified":"2026-10-28T10:04:27","modified_gmt":"2026-10-28T05:04:27","slug":"oil-prices-rise-after-attack-on-saudi-arabian-biggest-refinery","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=3408","title":{"rendered":"Oil prices rise after attack on Saudi Arabian biggest refinery"},"content":{"rendered":"<div>\n<p><strong>Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the \u200bworld\u2019s biggest crude exporter, renewed concerns around the \u200crisks to supply in the Middle East stemming from the conflict with Iran and its proxies.<\/strong><\/p>\n<p>Brent crude futures rose $1.48, or 1.3%, to $115.36 a \u200bbarrel. US West Texas Intermediate \u200bcrude rose $1.22, or 1.22%, to $101.12.<\/p>\n<p>Yemen\u2019s Iran-aligned <a rel=\"noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/www.reuters.com\/business\/energy\/yemens-houthis-say-they-launched-an-attack-saudi-ras-tanura-oil-refinery-2026-10-27\/\">Houthis<\/a> said on Tuesday \u2060they had hit Saudi Arabia\u2019s biggest oil refinery with \u200ba missile, intensifying their strikes against the world\u2019s second-largest crude \u200bproducer.<\/p>\n<p>Saudi authorities did not immediately confirm the strike on the 550,000-barrel-per-day facility.<\/p>\n<p>Prices swung back after dropping nearly $2 on Tuesday as talks in the Middle East helped ease supply .<\/p>\n<p>That was despite data expected to show a rise in crude inventories \u200cin \u2060the US.<\/p>\n<p>Crude oil stockpiles rose by about 15,000 barrels in the week ended October 23, according to a poll of eight analysts by Reuters.<\/p>\n<p>The OPEC+ oil-producing countries are expected to \u200bkeep their \u200bDecember oil output targets \u2060steady on Sunday, three people with knowledge of the matter told Reuters, in line with \u200bmarket expectations.<\/p>\n<p>Production in most of the \u200bseven core \u2060OPEC+ members \u2014 Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman \u2014 is below their output targets.<\/p>\n<p>Crude oil exports from Russia\u2019s \u2060Baltic \u200band Black Sea ports could <a rel=\"noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/www.reuters.com\/business\/energy\/russia-oil-exports-through-western-ports-forecast-fall-november-traders-say-2026-10-27\/\">fall<\/a> next \u200bmonth as domestic refiners increase diesel output following a deal with Washington this \u200bmonth, traders said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the \u200bworld\u2019s biggest crude exporter, renewed concerns around the \u200crisks to supply in the Middle East stemming from the conflict with Iran and its proxies. Brent crude futures rose $1.48, or 1.3%, to $115.36 a \u200bbarrel. US West Texas Intermediate \u200bcrude rose $1.22, or 1.22%, to $101.12. Yemen\u2019s Iran-aligned Houthis said on Tuesday \u2060they had hit Saudi Arabia\u2019s biggest oil refinery with \u200ba missile, intensifying their strikes against the world\u2019s second-largest crude \u200bproducer. Saudi authorities did&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-3408","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3408"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3408\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}