Saudi Aramco suspends European crude shipments after Red Sea pipeline attack

1 min read
Source: Investing.com
TL;DR

Saudi Aramco told at least two European refiners they will receive no crude next month after a drone attack damaged the East-West pipeline to the Red Sea. The disruption, which shut the 1,200-km line carrying about 4–5 million barrels per day (roughly 4–5% of global supply), also halts European imports of about 577,000 bpd via Egypt’s Sidi Kerir. Deliveries are tied to term contracts, and officials say the pipeline could begin partial restart within days and be fully recovered in six weeks.

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