Saudi Aramco reportedly restores full crude oil supply to Europe for November

Saudi Aramco has reportedly resumed supplying all the crude oil its European refiners requested for November after the kingdom's main cross-country pipeline restarted following recent attacks, according to Bloomberg news citing informed sources. Three European refiners confirmed they will receive full allocations of Saudi crude oil next month, helping to address a tight market that had forced refiners to seek alternative sources.

Last month, Aramco informed European refiners they would receive no crude in October following an attack on the East-West pipeline, prompting a scramble to secure replacement cargoes. Orlen SA, the largest buyer of Saudi crude, submitted more than ten tenders to purchase alternative barrels. Typically, Saudi Arabia exports an average of 700,000 to 800,000 barrels of crude to Europe daily, as per Bloomberg's ship tracking data.