Oil company Saudi Aramco has told at least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia’s key pipeline to the Red Sea.
European refiners typically buy Saudi crude under term contracts that guarantee monthly supplies, but Aramco has informed customers that next month’s deliveries will not proceed.
Reuters: Aramco halts October crude deliveries to some European refiners after pipeline attack
Bloomberg: Saudis Give European Oil Buyers No Supplies for Next Month (Archived)