Saudi Aramco reportedly cuts European crude allocations for October, extending supply disruptions due to East-West pipeline attack
Saudi Aramco has informed European customers they will receive no crude allocations next month, prolonging supply disruptions caused by the attack on the East-West pipeline. The halt has already prompted replacement buying, while Saudi Arabia is working to restore roughly half the pipeline’s capacity within days. October supply concerns are supporting crude prices, though optimism over pipeline repairs is limiting gains. Brent crude traded around $103.53, with WTI near $101.46.
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