Saudi Arabia cancels oil to Europe over East-West pipeline blast
Saudi Arabia has cancelled some oil deliveries to Europe after attacks shut down its export pipeline to the Red Sea.
Saudi Arabia has cancelled some oil deliveries to Europe after attacks shut down its export pipeline to the Red Sea. Grouped from 4 articles across 3 sources.
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Saudi Arabia has cancelled some oil deliveries to Europe after attacks shut down its export pipeline to the Red Sea.
Saudi Arabia informed European customers that some September-loading crude cargoes will be cancelled.
Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
WASHINGTON, Sept 15 - Crude oil should be flowing through Saudi Arabia's vital East-West Pipeline within days, U.S. Energy Secretary Chris Wright told CNBC on Tuesday, after the kingdom was forced to temporarily close it following attacks by Iran-aligned groups.
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Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline. Grouped from 4 articles across 2 sources.
Saudi Arabia has accused the Iran-backed Houthi rebels of attempting to attack Islam’s holiest city, declaring Mecca a “red line” in the escalating conflict. Grouped from 13 articles across 9 sources.
A senior Iraqi source points to a resistance 'splinter' group for the September attack on the East-West pipeline.
LONDON/WARSAW, Sept 15 - Polish integrated oil firm Orlen is rushing to find crude oil cargoes from the North Sea and further afield to replace disrupted Saudi imports, five industry sources told Reuters.
Alerts were swiftly lifted and authorities did not immediately report whether any incoming projectiles had landed
It comes after US Secretary of State Marco Rubio made a trip to South America last week, where he met with the conservative leaders of Peru, Colombia and Ecuador to pledge further support and cooperation.