Aramco Eases Europe Supply Concerns with Full Oil Allocations

Saudi Aramco has informed at least three European oil refiners that they will receive their full contractual crude volumes in September, easing concerns about supply disruptions. The move comes as crude flows from the Persian Gulf and Red Sea are disrupted.

The affected buyers include two refiners that will lift their supplies from Egypt's Mediterranean port of Sidi Kerir, while a third buyer was given an option to take their supplies from Sidi Kerir, Saudi Red Sea port of Yanbu, or via ship-to-ship transfer from Malta.