Market Flux Event

Aramco to Deliver Full Oil Volumes to European Customers in November After Pipeline Resumes

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Saudi Aramco has informed European oil refiners they will receive full crude allocations in November, following the resumption of the kingdom's key cross-country pipeline after attacks had disrupted operations. At least three European refiners confirmed they will receive full contractual volumes from the state oil company next month, according to people with knowledge of the matter.

The restoration of full supply offers relief to European customers who had been forced to seek alternative crude sources while the pipeline was offline. The resumption signals a return to normal supply conditions for a region that had faced tighter availability from its primary Gulf supplier.

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Sources

  1. StaunovoOpec+ crude production rose in September to its highest since the US-Iran war began, driven by a surge in exports through the strait of Hormuz. Production by the alliance's 17 members with output targets increased by 2.47mn b/d on the month to 30.24mn b/d, led by gains in Saudi Arabia and Iraq, according to Argus estimates #oott
  2. FinancialjuiceSaudi Aramco is going to supply full oil volumes to European customers in November.
  3. LSREnergy10/9 - Aramco to Supply Full Oil Volumes to Europe Customers Next Month @TankerTrackers
  4. LiveSquawk#OOTT | Aramco To Supply Full Oil Volumes To Europe Customers Next Month – @BloombergNRG
  5. Cablefxmacro🛢️🇪🇺❗️*ARAMCO TO SUPPLY FULL OIL VOLUMES TO EU CUSTOMERS NEXT MONTH
  6. Zerohedge*ARAMCO TO SUPPLY FULL OIL VOLUMES TO EUROPE CUSTOMERS IN NOV: BBG
  7. Osint613Saudi Aramco will supply European refiners with full November crude volumes after its cross-country pipeline restarted following attacks. At least three refiners confirmed full allocations. Bloomberg.
  8. FirstSquawkSaudi Aramco Will Be Supplying Full Oil Volumes To European Customers In November