On September 7, Saudi Aramco's oil facility in Jizan was attacked, just one month after a previous strike caused temporary production halts. Two sources familiar with the matter told the Financial Times that the company is assessing damage and that the scale is similar to last month's attack. WTI crude rose $0.59 to $92.22/barrel in five minutes, while Brent gained $0.62 to $95.86/barrel.
Saudi Aramco's oil facility in Jizan, Saudi Arabia, was hit by an attack on Monday, according to a report by the Financial Times on September 7. The incident comes just one month after a separate attack temporarily shut down some refinery capacity. Two people familiar with the matter said the company is currently evaluating the damage. Jizan, the closest Saudi industrial city to the Yemen border, has been repeatedly targeted by Houthi militants.
Aramco CEO Amin Nasser said last month that while attacks caused some production outages, they had no material impact on operations or finances. One of the sources described the latest strike as similar in scale to the one in August. Following the news, WTI crude jumped $0.59 per barrel to $92.22 within five minutes, and Brent crude rose $0.62 to $95.86 per barrel during the same period.
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