Saudi Aramco halts crude oil supply to European customers
Saudi Aramco is diverting more crude to Asia as repairs continue, and traders said the outage could cut off as much as 4% of global supply.
- Following drone attacks on September 10 that damaged its East-West pipeline, Saudi Aramco cancelled October crude shipments to European refiners, forcing buyers to scramble for alternatives as cargo prices topped $120 a barrel.
- Drone strikes damaged three pumping stations on the 7-million-bpd pipeline, forcing Saudi Arabia to shut the vital route that previously allowed the kingdom to bypass the Strait of Hormuz shipping bottleneck. The shutdown severed a key export alternative amid regional conflict.
- Poland's Orlen, a major refiner, issued more than 10 tenders since Friday to secure replacement crude, including North Sea grades like Grane and Johan Sverdrup, maintaining refinery operations without disruption despite the disrupted Saudi supply.
- Aramco redirected loadings to the Persian Gulf export terminal and initiated ship-to-ship transfers near Oman, selling roughly 20 million barrels to Asian refiners for September and October pickup outside Hormuz. The move cushioned global supply impact.
- Repair estimates range from days to six weeks, leaving European refiners uncertain about future supply and dependent on alternative routes through contested waters or longer journeys around Africa.
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naturalnews.comSaudi Aramco Tells European Refiners No Crude Allocations Next Month After Pipeline Attack
Saudi Aramco has informed refining customers in Europe that they will receive no crude oil allocations next month, according to people informed of the decision. The move follows the shutdown of the kingdom’s East-West pipeline after a drone attack, the report stated. The decision applies to all European buyers, the people said, speaking on condition […]
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Why Europe losing Saudi oil could become America’s problem - The Daily Bo Snerdley
European refiners are turning to American crude and diesel just as the United States holds its lowest level of emergency oil reserves in more than 40 years. Saudi Aramco told at least two European refiners on Friday that they will receive no crude in October under long-term contracts, Bloomberg reported, citing people informed of the decision. The decision applies to all European buyers, the anonymous sources said. Aramco has not publicly confir…
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