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Saudis Tell European Refiners They’ll Get No Crude Next Month
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply ChainTransportation & Logistics
Saudi Aramco informed at least two European refining customers that they will receive no crude oil allocations next month after an attack on Saudi Arabia's key pipeline to the Red Sea. The disruption risks tightening crude supplies for European refiners and could support oil prices if outages persist or allocations are broadened.
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