{
  "id": 16832172,
  "title": "Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns",
  "url": "https://urgent.news/2026/10/28/oil-prices-rise-after-attack-on-saudi-arabian-refinery-reignites-16832172",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-28T02:05:46.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446270/oil-prices-rise-after-attack-on-saudi-arabian-refinery-reignites-supply-concerns"
  },
  "original_language": "en",
  "account": "Oil prices surged on Wednesday following an attack on a major Saudi Arabian refinery, reigniting worries about potential supply disruptions in the Middle East due to the ongoing conflict with Iran and its allies. Brent crude futures climbed $1.48, or 1.3%, to $115.36 per barrel, while US West Texas Intermediate crude increased $1.22, or 1.22%, to $101.12.\n\nThe Houthis, a Yemeni rebel group, claimed responsibility for hitting Saudi Arabia's largest oil refinery with a missile on Tuesday, escalating their attacks against the world's second-largest oil producer. Saudi officials have yet to confirm the incident at the 550,000 barrel per day facility. Prices had previously fallen nearly $2 on Tuesday as Middle Eastern talks aimed at easing supply concerns. However, data suggesting a rise in US crude inventories further dampened the gains.\n\nDespite crude oil stockpiles rising by approximately 15,000 barrels in the week ending October 23, according to a Reuters survey of eight analysts, OPEC+ countries are set to maintain their December oil output targets when they meet on Sunday, according to three individuals familiar with the matter. Production in most of the seven core OPEC+ members—Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman—is currently below their output targets. Additionally, Russian crude exports could face a decline next month as domestic refiners boost diesel production following a recent agreement with the United States, traders have indicated.",
  "summary": "BEIJING: Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia , the world’s biggest crude exporter, renewed concerns around the risks 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 barrel as of 0140 GMT. US West Texas Intermediate crude rose $1.22 or 1.22% to $101.12. Yemen’s Houthis…",
  "key_points": [
    "Oil prices rise 1.3% to $115.36 per barrel after Saudi refinery attack",
    "Houthis claim responsibility for missile hitting Saudi oil refinery",
    "OPEC+ set to maintain December output targets despite rising US crude inventories"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Houthis say targeted Saudi oil refinery with ballistic missile",
        "url": "https://urgent.news/2026/10/27/houthis-say-targeted-saudi-oil-refinery-with-ballistic-missile",
        "published": "2026-10-27T11:36:09.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns",
        "url": "https://urgent.news/2026/10/28/oil-prices-rise-after-attack-on-saudi-arabian-refinery-reignites",
        "published": "2026-10-28T01:50:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns",
        "url": "https://urgent.news/2026/10/28/oil-prices-rise-after-attack-on-saudi-arabian-refinery-reignites-16832167",
        "published": "2026-10-28T01:54:38.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns",
        "url": "https://urgent.news/2026/10/28/oil-prices-rise-after-attack-on-saudi-arabian-refinery-reignites-16835751",
        "published": "2026-10-28T02:31:11.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns",
        "url": "https://urgent.news/2026/10/28/oil-prices-rise-after-attack-on-saudi-arabian-refinery-reignites-16851582",
        "published": "2026-10-28T04:23:00.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Crude oil futures gain after Houthi attack on Saudi refinery",
        "url": "https://urgent.news/2026/10/28/crude-oil-futures-gain-after-houthi-attack-on-saudi-refinery",
        "published": "2026-10-28T04:45:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}