Winter Is Coming: Saudis Warn European Refiners Of Crude Shipment Disruptions Next Month

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Saudi Aramco has told at least two European refining customers that it will not be able to ship crude in October after its East-West pipeline to the Red Sea was attacked on September 10. The situation is made worse by the fact that the market for refined products, especially diesel, has been stretched for months, partly due to the loss of Russian refining capacity and strong US demand.

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Saudi Arabia will suspend oil deliveries to European refineries next month, following attacks on its East and West pipelines, Bloomberg reports. This decision applies to all European customers, points out the cited source.

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Saudi Aramco will not supply raw materials to European refineries in October, reporting to Bloomberg on Friday with reference to sources.

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Saudi Aramco has announced it will not deliver crude oil to European buyers next month following a drone attack on its East-West pipeline. The disruption of shipments is creating a crisis in Europe ahead of winter, and EU ministers have met urgently to discuss rising energy costs.