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Accident at SASREF Refinery during Maintenance

Oil

An explosion occurred on Sunday at Saudi Aramco’s 305K b/d SASREF refinery, which resulted in two contractor fatalities, according to an official company announcement. The incident was caused by a gas leak during turnaround activities. The company said that maintenance work will continue as planned.

The refinery had brought forward a 50-day maintenance initially planned for later in the year, following the attacks on Saudi oil facilities on 14 September.

By early afternoon in London, ICE Brent was trading at $59.36/bbl, down $0.01/bbl from the end of Monday’s trading.