Aramco updates European refineries on November oil supply

Saudi Aramco has informed European oil refineries that it will supply the full contracted quantities of crude oil in November, following the reopening of the main pipeline, which had been attacked and halted in October. This announcement eases the pressure on the European market, which was suffering from a shortage of oil supplies as companies rushed to find alternative sources. Generally, Saudi Arabia exports between 700,000 and 800,000 barrels of oil daily to Europe.

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