Saudi Aramco halts crude oil supply to European customers

🇸🇦 Hellenic Shipping News (SA) —

AI Summary

Saudi Aramco has stopped crude oil shipments to European customers following damage to its main pipeline to the Red Sea caused by an attack. This suspension affects term supply contracts and marks a significant disruption in European crude oil imports from Saudi Arabia.

Saudi Aramco has informed at least two oil refining customers in Europe that they will receive no crude oil next month following an attack on the kingdom’s main pipeline to the Red Sea, according to a report from Bloomberg News, citing people familiar with the matter. European customers typically receive Saudi Arabian crude through term ...

Security Conflict Politics Markets Commodities Energy Shipping Saudi Aramco crude oil supply Europe pipeline attack oil disruption Red Sea pipeline

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