Saudi East-West oil pipeline shutdown puts 4% of global oil supply at risk; Aramco delays European crude deliveries

Saudi Arabia's critical East-West oil pipeline remains offline after attacks, with the shutdown putting about 4% of global oil supply at risk and threatening Saudi oil exports, according to multiple desk reports. Saudi Aramco is delaying crude deliveries to some European customers, prompting a jump in European crude prices as refiners scramble for replacement cargoes. The pipeline was earlier reported to be shut for six weeks; no official Saudi confirmation has been given.

Detected & updated continuously · Source: Nebula