1. Europe loses oil supplies after East-West pipeline blast triggers Saudi delivery cancellations

Europe loses oil supplies after East-West pipeline blast triggers Saudi delivery cancellations

World

  • Saudi Arabia has cancelled few European oil deliveries after attacks shut its East-West export pipeline.
  • The damaged pipeline carries up to five million barrels daily toward the Red Sea port.
  • The disruption threatens supplies, forcing European buyers to seek alternative crude sources amid rising prices.
  • Saudi Arabia may reroute exports through Hormuz, increasing pressure on an already disrupted oil network.

Source: aljazeera.com

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