ADNOC shuts Ruwais refinery after drone strike

"Catastrophic consequences"

In neighbouring Saudi Arabia, a small fire from an attack last week on the Ras Tanura refinery, its largest domestically, was quickly ​extinguished and brought under control, oil giant Saudi Aramco's CEO Amin Nasser said on Tuesday, adding that the refinery was in the process of being restarted.

Nasser warned of "catastrophic consequences" if the strait remains shut, speaking as Aramco reported its results.

Bahrain's Bapco Energies on Monday declared force majeure on its group operations after an attack on its oil refinery complex, while Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure.

Qatar has also shut its production of liquefied natural gas, which amounts to about 20 per cent of global exports.

(Reporting by Yousef Saba and Ahmad Ghaddar; Editing by Andrew Heavens, Bernadette Baum and Alexander Smith)