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European energy markets faced new pressures after Saudi Aramco informed its European customers that it would not allocate any shipments of Saudi oil to them next month, due to an attack on the East-West pipeline that disrupted major oil supplies. European refineries, such as Orlen, have adjusted their systems to seek alternative sources, with expectations that the pipeline will partially resume operation within a few days and return to full capacity within approximately six weeks. This comes at a time when the European Union is discussing implementing an extraordinary tax on the profits of oil companies to address the rising oil prices, which have exceeded $100 per barrel, amid pressures to reduce the impact of soaring energy costs on consumers.
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