The attack on Saudi Arabia’s Ras Tanura refinery marks a significant escalation, experts said. Read more at straitstimes.com. Read more at straitstimes.com.

European gas prices soared almost 50 percent after Iranian strikes prompted Saudi Arabia to close its biggest oil refinery and Qatar to halt the production of liquefied natural gas (LNG). Iran, responding to US and Israeli attacks launched on Saturday morning, has disrupted energy infrastructure across the Middle East.

Saudi Arabia's military raised its readiness levels after multiple attacks by Iran, a source close to the army told AFP on Monday, while another warned of a possible military response if its oil

Saudi Arabia’s oil shipments are on track to hit their highest level in almost three years, while state oil firm Aramco started production at a new gas field.

By Yousef Saba DUBAI, Feb 27 (Reuters) - The shale revolution that made the United States the world's top oil producer is taking shape in the Arabian Desert. Deep in the sands southeast of Saudi Arabia's giant Ghawar oilfield,

Oil prices rose 13% to above $82 a barrel, the highest since January last year, as ​the ​tensions halted shipping in the ⁠Strait of Hormuz, through which a fifth of global oil supply flows.

Saudi Aramco Achieves Significant Progress In Its Gas Production Plan. Saudi Aramco has announced the achievement of significant progress in its plan to expand gas production, with the start of production at the Jafurah field,

Strikes on sites in Qatar and Saudi Arabia forced the closure of key production facilities and added to growing worries about global oil and gas supplies.