Saudi Oil Shipments to Europe Disrupted Amid Pipeline Attack

Saudi Arabia's oil shipments to Europe are expected to be severely disrupted in October due to a pipeline attack, Saudi Aramco has informed its European customers. The decision affects all European buyers of Saudi crude, according to Bloomberg.

The move comes after last week's drone attack forced Saudi Arabia to shut down its key East-West pipeline to the Red Sea. Although the pipeline is expected to partially restart within days, it could take up to six weeks to return to full operation.