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Saudi Aramco suspends Yanbu oil loadings after Red Sea attack
BlicLO·SA·3 days ago
Saudi Aramco has notified at least two European refineries of zero crude allocations next month, following an attack on a key Saudi pipeline to the Red Sea. The incident disrupts supply chains and raises concerns about global oil supply reliability, though the extent and duration of the disruption remain uncertain.
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Saudi Aramco has cancelled all October crude allocations to European refiners following a drone attack on the East-West pipeline. This action redirects approximately 60 million barrels of crude through the Persian Gulf, impacting European supply balances. The duration of the pipeline outage and the full extent of damage remain uncertain.