Saudi Arabia Cuts Europe Off From October Crude as Gulf Exports Surge
Headline from Oil Price
Saudi Aramco has told European term customers they will receive no Saudi crude in October, even as the kingdom pushes roughly 60 million barrels back through the Persian Gulf after damage to its East-West pipeline.
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Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said.
According to a report from the Financial Post, citing Bloomberg News, Saudi Aramco has told European refiners they will receive no crude oil next month after a drone attack shut the kingdom’s main pipeline to the Red Sea.
Saudi Arabia’s state-owned oil giant Saudi Aramco has told at least two European refining customers that they will receive no Saudi crude shipments next month, following an attack that forced the shutdown of a major oil pipeline to the Red Sea.
Saudi Aramco has told European term customers they will receive no Saudi crude in October, even as the kingdom pushes roughly 60 million barrels back through the Persian Gulf after damage to its East-West pipeline.
Saudi Arabia Cuts Europe Off From October Crude as Gulf Exports Surge | Since Then