Saudi Arabia halts crude deliveries to European refineries next month
Saudi Arabia has informed European refineries that crude deliveries will be halted next month, a significant supply disruption. The move follows Houthi threats and reported smoke near Riyadh airport, suggesting possible attacks on Saudi infrastructure. This could tighten European crude supply and raise energy prices, with implications for global markets.
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Saudi Arabia — 27 developments
Saudi Aramco Halts October Crude Allocations to Europe After Pipeline Attack
Saudi Aramco has confirmed the cancellation of October crude allocations to European refiners, with some reports indicating zero allocations, following a drone attack on the East-West pipeline. This action redirects approximately 60 million barrels through the Persian Gulf, mitigating immediate supply fears but exposing shipments to potential threats in the Strait of Hormuz. The duration of the pipeline outage and the full scope of allocation cuts remain uncertain.