Daily Memo: Saudi Oil Supplies to Europe Disrupted

Saudi Arabia cut oil supplies to Europe after drone attacks – which Riyadh blamed on Iraqi armed groups – damaged the East-West export pipeline to the Red Sea. Major customers such as Poland were forced to urgently seek alternative supplies, and cargo prices in Europe's physical market surged above $120 per barrel.

Daily Memo: Saudi Oil Supplies to Europe Disrupted

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Saudi Arabia cut oil supplies to Europe after drone attacks – which Riyadh blamed on Iraqi armed groups – damaged the East-West export pipeline to the Red Sea.

Major customers such as Poland were forced to urgently seek alternative supplies, and cargo prices in Europe's physical market surged above $120 per barrel.

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Saudi Arabia cut oil supplies to Europe after drone attacks – which Riyadh blamed on Iraqi armed groups – damaged the East-West export pipeline to the Red Sea. Major customers such as Poland were forced to urgently seek alternative supplies, and cargo prices in Europe's physical market surged above $120 per barrel.

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