ReportedShipping, energy & marketsSaudi Arabia; Europe
Saudi Aramco offers discounted crude cargoes to European refiners
- Mountain Time
- Local time
- 5:40 PM UTC
- Where
- Saudi Arabia; Europe
Saudi Aramco offered additional late-October and November crude cargoes to European refiners after the East-West pipeline resumed operations, OilPrice reported, citing Bloomberg. The company also told refiners they would receive full contracted November allocations after October cancellations tied to the pipeline attack.
Why it matters
Additional Saudi cargoes from Yanbu and Sidi Kerir could ease supply shortfalls for European refiners and signal a partial restoration of Saudi export capacity after the pipeline disruption.
Source
- OilPrice.comoilprice.comPublished
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