Saudi Aramco Cancels European Crude Cargoes as Key Pipeline Stays Shut
18 Articles
18 Articles
The reason was the closure of the East-West pipeline following an attack last week.
The Huthi rebels hit a hugely important oil pipeline in Saudi Arabia with a drone and thus ensure a stop to operations. The repair work could take longer - now there are apparently first impacts on Saudi oil supplies.
Saudi Arabia announced the suspension of oil shipments through the key Yanbu transshipment port
Saudi Arabia announced the suspension of oil shipments through the key Yanbu transshipment port. Saudi Arabia has also notified European customers that it is partially canceling crude oil shipments to Europe at the end of September.About the whole thing!
Saudi Arabia has notified several of its European partners that it will cancel some of its oil shipments scheduled for the end of September. The decision is being made in response to rising tensions in the Middle East. We will be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming up, where professional experts will tell you what to invest in now. Register h…
Saudi Aramco Cancels European Crude Cargoes as Key Pipeline Stays Shut
Saudi Aramco has canceled or delayed crude deliveries to European refiners after the shutdown of the kingdom’s East-West pipeline cut into one of its remaining routes around the Strait of Hormuz. At least three European refiners have had late-September cargoes canceled or pushed as far out as November, according to market sources cited by Argus. Two more expect notices covering September supplies. The 7-million-bpd East-West pipeline has been of…
Oil will resume flowing through Saudi Arabia’s East-West pipeline in the coming days, U.S. Energy Secretary Chris Wright told CNBC. Clarifying that this was only an “estimate,” Wright said he expected the pipeline shutdown to last “a few days.” He also noted […]
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