Saudi Oil Supplies to Europe Hit by Pipeline Disruption

Saudi Arabia is set to cut or entirely cancel term oil supplies to European customers in October. This move comes after the country had already halted shipments this month.

The latest development follows an attack on the East/West pipeline last Friday, which has affected Saudi Aramco's ability to meet its commitments. The company is reportedly informing European term lifters of force majeure notifications due to the disruption in supply.