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.

"The attack on Saudi Arabia’s Ras Tanura refinery marks a significant escalation, with Gulf energy infrastructure now squarely in Iran’s sights," said Torbjorn Soltvedt, principal Middle East analyst at risk intelligence firm Verisk Maplecroft in a Reuters report.

Amid the ongoing US-Israel conflict with Iran, Tehran's Shahed-136 drones struck Aramco's oil refinery in Ras Tanura, Saudi Arabia.

Oil and gas stocks are on the move as a flare-up of tensions between the US and Iran threatens to disrupt shipping in the Strait of Hormuz.

Israel's energy ministry has instructed Greek firm Energean to temporarily suspend production at its offshore Karish gas field following the recent

Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, pumps about 4.5% of global oil supplies. Iran's output is about 3.3 million barrels per day of crude, plus 1.3 million bpd of condensate and other liquids.

Kazakhstan is shifting toward deeper hydrocarbon processing to increase value-added output. In 2025, petrochemical production exceeded 600,000 tons, including polypropylene, lubricants, Methyl Tertiary-Butyl Ether (MTBE), paraxylene and benzene.

Delek US Holdings Inc (NYSE: DK) is among the best oil & gas refinery stocks to buy now. On February 18, Delek US Holdings Inc (NYSE:DK) announced that it plans to pay a quarterly dividend of $0.255 per share on March 9. This announcement came as the company prepares to release its Q4 2025 results on February 27.

Refinery closures including Valero's Benicia facility leave California with six operating refineries, driving gas prices to the highest in nation at $4.58 per gallon.

The pilot program, the Displaced Oil and Gas Workers Fund, was created in 2022 and supports displaced workers. This original $36.5 million program is administered by the California Employment Development Department and aids those seeking to transition into new industries with comparable wages.

By Yousef Saba March 2 (Reuters) - Saudi Arabia shut its biggest domestic oil refinery on Monday after a drone strike, a source said, as Israeli and U.S. strikes and Iranian retaliation forced shutdowns of oil and gas facilities across the Middle East.

Israel and Iran continued to trade fire yesterday, with Iranian drone and missile barrages setting off sirens across Israel and hitting ports in Dubai and Oman. At least 45 people were reported killed yesterday across the region.