Oil traders note - Saudi oil export ports, facilities targeted in attacks Sunday

Author: Eamonn Sheridan | Category: News

Saudi Arabia says ports and other facilities have been targeted by drones and missile strikes but has assured that damage is minimal.

A spokesman at the Ministry of Energy said 
  • that one of the petroleum tank farms at the Ras Tanura Port in the Eastern Regio was attacked by a drone
  • another attempt was also made later to attack Saudi Aramco's facilities
  • shrapnel from a ballistic missile fell near Saudi Aramco's residential area in the city of Dhahran
  • said that both attacks did not result in any injury or loss of life or property
Other reports are that oil is still being loaded at Ras Tanura and a tanker has berthed at the facility after the earlier attacks.

Oil traders should be wary of a price pop on the news, although it does seem (according to the official reports at least) that there will be minimal, if any, disruption. 
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