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2 sourcesTracking since 16 Sept, 18:32

Saudi Oil Crisis Is About to Hit Europe

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Chronological coverage

  1. 17 September
  2. Latest17 Sept, 15:00

    How a Saudi pipeline attack is putting Europe’s oil security to the test

    A prolonged disruption to Saudi supplies could force European refiners to scramble for alternative grades, potentially raising their costs or cutting fuel output. A shortage of diesel could quickly translate into higher costs for haulers, farmers, businesses and consumers.

    EuronewsEuronews
  3. 16 September
  4. First seen16 Sept, 18:32

    Saudi Oil Crisis Is About to Hit Europe

    Saudi Arabia’s oil supply crisis is rapidly becoming Europe’s problem. The September 10 attacks on Saudi Arabia’s East-West Pipeline struck the system at multiple locations and damaged at least one pumping station, forcing Riyadh to shut down the Kingdom’s critical alternative to the Strait of Hormuz. The 1,200-kilometer Petroline can carry around 7 million barrels per day from Saudi Arabia’s eastern producing regions to Yanbu on the Red Sea. Since the war effectively closed Hormuz, it has become one of the most important…

    OilPrice.comOilPrice.com•Tom Kool