Saudi Aramco Offers Discounted Oil Cargoes to European Buyers

Saudi Aramco is offering additional spot oil cargoes to European buyers for October and November loading. The state-owned oil company is taking this action to compensate for supply losses resulting from the shutdown of a critical export pipeline.

Cargoes available for late-October loading are priced at a discount relative to the company's official selling price. These shipments can be lifted from the Mediterranean port of Sidi Kerir or from Yanbu on the Saudi Red Sea coast.