Saudi Arabia Halts Oil Deliveries to Europe After Pipeline Attacks
What happened
Saudi Arabia cancelled select oil deliveries to Europe following drone attacks that shut down its East-West Crude Oil Pipeline.
The Context
- Drone strikes: On September 10, 2026, multiple drones targeted pumping stations, causing significant damage and prompting a precautionary pipeline shutdown.
- Supply chain disruption: The East-West pipeline, which previously transported 2.6-5 million barrels per day, is a critical route for Saudi oil exports to Europe.
- Market volatility: European refiners are scrambling for alternative supplies, with oil prices spiking to over $120 per barrel.
The Number
— This was the average daily volume carried by the East-West pipeline before the shutdown, highlighting the scale of the supply disruption.
Takeaway
Expect continued volatility in oil markets as repairs are underway and European buyers seek alternative sources.
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