XLE & Oil

Aramco Contains Fire Near Ras Tanura Oil Hub

Rigzone·Oct 27, 2026 · 10:28 AM CT
Read the original at Rigzone
Readthrough summary

Saudi Arabia contained a fire near Aramco facilities at Ras Tanura, its biggest oil export terminal, after an attack in the region early Tuesday, according to a person with knowledge of the matter. The extent of the damage was unclear, and Saudi energy sites have been hit repeatedly by Houthi attacks in recent weeks.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Rigzone.

Read the original at Rigzone

More XLE & Oil

Rigzone·

Oil Slips as Iran Diplomacy Picks Up

Oil prices fell as traders weighed diplomacy to ease tensions in the Persian Gulf and watched Israel's election. Brent dropped nearly 2% to settle below $114 a barrel, WTI settled just under $100, and gasoline and diesel futures fell about 3%.

Oil & Gas 360·

OPEC+ expected to hold December oil targets steady as supply disruptions persist

Seven core OPEC+ members are expected to keep December production targets unchanged when they meet Sunday, Nov. 1, people familiar with the talks told Reuters. Ongoing Middle East supply disruptions are complicating the group's planning.

Oil & Gas 360·

Trump administration plans methane rule rollback to reduce oil and gas production costs

The Trump administration is preparing to ease federal methane emission rules for oil and gas producers, revising parts of the 2024 Biden-era regulations. The EPA estimates the changes could save the industry about $45 billion in compliance costs.

DOE News·

Energy Department Announces $5 Billion Loan to Boost Nuclear Power and Help Lower Costs in Illinois, Maryland, and Pennsylvania

The Energy Department announced a conditional loan commitment of up to $5 billion to fund uprates and modernization across Constellation Energy's nuclear plants in Illinois, Maryland and Pennsylvania. The work would add nearly 1.1 gigawatts of generating capacity.