Saudi Arabia to halt crude supplies to European refiners in October
Saudi Arabia to halt crude supplies to European refiners in October Saudi Arabia’s state oil company Saudi Aramco has told at least some European refiners that they will receive no Saudi crude next month following the shutdown of the kingdom’s East-West oil pipeline, Bloomberg reported. The disruption follows attacks that damaged three pumping stations along the 1,200-kilometre East-West…
Saudi Arabia is set to cease crude supplies to European refiners in October, according to a report by Bloomberg. The state-owned oil company, Saudi Aramco, has notified certain European refiners that they will not receive any Saudi crude the following month. This decision comes after the shutdown of the East-West oil pipeline due to a series of attacks that crippled three pumping stations along the 1,200-kilometer route.
The pipeline had been transporting between 4 million and 5 million barrels of crude oil daily to the Red Sea port of Yanbu.
Prior to the attacks, European OECD nations were importing approximately 577,000 barrels of crude oil per day from Saudi Arabia, as per data from the International Energy Agency. Saudi Arabia has been actively exploring alternative transportation routes, including increased shipments through the Strait of Hormuz. However, the repairs to the damaged pipeline are expected to take several weeks.
Written by urgent.news from Middle East Eye's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
