WorldEconomy
Saudi Aramco tells some European refiners no crude next month after pipeline attack
Saudi Aramco has told at least two European refining customers they will receive no crude oil next month after an attack damaged Saudi Arabia’s East-West Pipeline to the Red Sea, according to people familiar with the matter. The attack damaged three pumping stations and disrupted loadings at the port of Yanbu, prompting customers to seek alternatives.
Saudi Aramco has informed at least two European refining customers that they will receive no crude oil next month following an attack on Saudi Arabia’s key pipeline to the Red Sea, according to people familiar with the matter.
European refiners typically buy Saudi crude under term contracts that guarantee monthly supplies. Aramco has told customers that next month’s deliveries will not proceed, and the decision applies to all European buyers, the people said.
Saudi Arabia earlier informed European customers that some crude cargoes would be cancelled after drone attacks forced the shutdown of the East-West Pipeline. Three pumping stations along the route were damaged, one more than previously assessed, according to satellite imagery and three industry sources.
Saudi Aramco operates the 1,200-km (745-mile) East-West Pipeline, which runs across the Arabian Peninsula. The attack also disrupted oil loadings at the Red Sea port of Yanbu. The disruption has prompted customers, including Poland’s Orlen, to seek alternatives.
- Saudi Aramco
- crude oil supply
- European refiners
- Red Sea pipeline attack
- Saudi oil supply disruption
- East-West Pipeline
From
WorldEconomy
Saudi Aramco tells some European refiners no crude next month after pipeline attack
Saudi Aramco has told at least two European refining customers they will receive no crude oil next month after an attack damaged Saudi Arabia’s East-West Pipeline to the Red Sea, according to people familiar with the matter. The attack damaged three pumping stations and disrupted loadings at the port of Yanbu, prompting customers to seek alternatives.
Saudi Aramco has informed at least two European refining customers that they will receive no crude oil next month following an attack on Saudi Arabia’s key pipeline to the Red Sea, according to people familiar with the matter.
European refiners typically buy Saudi crude under term contracts that guarantee monthly supplies. Aramco has told customers that next month’s deliveries will not proceed, and the decision applies to all European buyers, the people said.
Saudi Arabia earlier informed European customers that some crude cargoes would be cancelled after drone attacks forced the shutdown of the East-West Pipeline. Three pumping stations along the route were damaged, one more than previously assessed, according to satellite imagery and three industry sources.
Saudi Aramco operates the 1,200-km (745-mile) East-West Pipeline, which runs across the Arabian Peninsula. The attack also disrupted oil loadings at the Red Sea port of Yanbu. The disruption has prompted customers, including Poland’s Orlen, to seek alternatives.
- Saudi Aramco
- crude oil supply
- European refiners
- Red Sea pipeline attack
- Saudi oil supply disruption
- East-West Pipeline
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