Saudi Aramco Cancels European Crude Cargoes as Key Pipeline Stays Shut
14 Articles
14 Articles
The Huthi rebels hit a hugely important oil pipeline in Saudi Arabia with a drone and thus ensure a stop to operations. The repair work could take longer - now there are apparently first impacts on Saudi oil supplies.
Saudi Arabia announced the suspension of oil shipments through the key Yanbu transshipment port
Saudi Arabia announced the suspension of oil shipments through the key Yanbu transshipment port. Saudi Arabia has also notified European customers that it is partially canceling crude oil shipments to Europe at the end of September.About the whole thing!
Saudi Arabia has notified several of its European partners that it will cancel some of its oil shipments scheduled for the end of September. The decision is being made in response to rising tensions in the Middle East. We will be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming up, where professional experts will tell you what to invest in now. Register h…
Saudi Aramco Cancels European Crude Cargoes as Key Pipeline Stays Shut
Saudi Aramco has canceled or delayed crude deliveries to European refiners after the shutdown of the kingdom’s East-West pipeline cut into one of its remaining routes around the Strait of Hormuz. At least three European refiners have had late-September cargoes canceled or pushed as far out as November, according to market sources cited by Argus. Two more expect notices covering September supplies. The 7-million-bpd East-West pipeline has been of…
Saudi Aramco announced the cancellation of several crude oil deliveries to European refineries due to damage to the strategic East-West oil pipeline.
Aramco Pulls September Crude Cargoes from European Buyers
Cargoes due to load in the final 10 days of September are being scrapped or pushed back as Saudi Aramco reins in term crude supplies to European refiners, with a key export pipeline still sitting offline. Notices to that effect have already reached at least three European refiners, whose cargoes have either been cancelled or […] The post Aramco Pulls September Crude Cargoes from European Buyers appeared first on the deep dive.
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