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Saudi Arabia cuts oil supplies to Europe for October

Saudi Aramco cancels Saudi oil allocations for European customers in October.

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The fact

This follows damage to its East-West pipeline and increased exports through the Persian Gulf.

European refiners must seek alternatives amid this sudden shortage.

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Why it matters

Cette interruption brutale des livraisons expose les raffineurs européens à des tensions sur les marchés spot, avec un risque de hausse des prix à la pompe pour les consommateurs dès novembre.

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