Saudi Pipeline Attack Disrupts Oil Supplies to Europe

Saudi Aramco has informed at least two European oil refining customers that they will not receive any crude oil next month. The decision comes after a key pipeline to the Red Sea was attacked, disrupting supplies. These customers typically rely on term contracts with Saudi Arabian crude, ensuring a steady flow of supply every month.

The affected deliveries are expected to be for all European buyers, according to people familiar with the matter. They have asked not to be identified as the information is not public. The attack has caused significant disruptions to oil supplies, and it remains unclear when normal operations will resume.