Saudi Aramco cancels October crude allocations to European refiners: Report

Saudi Aramco informed at least two European refining customers that they will receive no crude oil in October following an attack on the kingdom’s key pipeline to the Red Sea, Bloomberg reported Friday. The decision applies to all European buyers, said the report, citing those familiar with the matter who requested anonymity because the information is not public. European refiners typically receive Saudi crude under term contracts that provide regular monthly supplies. Saudi Aramco did not immediately respond to a request for comment made outside normal business hours, according to the report. Saudi Arabia shut its East-West pipeline last week after the facility was targeted by drones. The pipeline is expected to resume partial operations within days and return to […]