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Posted on 09/21/2026 7:01:36 AM PDT by delta7
Investing.com -- Saudi Aramco has informed at least two oil refining customers in Europe that they will receive no crude oil next month following an attack on the kingdom's main pipeline to the Red Sea, according to a report from Bloomberg News, citing people familiar with the matter...
(Excerpt) Read more at finance.yahoo.com ...
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Don’t worry EU Canada’s Carney will Drill ,pump and carry the oil to you on his own back ?
Everybody lost by blowing up that pipeline. Ukraine should have renewed their contract with Russia but nooooo...we gonna punish Russia...well guess who’s the worst for it.
Oh wait Carney’s Climate Crazy Wife that controls his life will not let him touch Oil ,LOL
There should be an EO forbidding US oil from being sold to Europe to keep prices from rising here.
And yet the price of crude is falling this morning. Go figure!
Since we now control Venezuela’s crude exports, Why don’t we use that and sent Texas crude to Europe?
Iran already has ICBM’s that will hit the EU... all they were waiting for was the nukes to put on top.
I’m guessing the EU would rather have the cut in oil.
Also wasn’t it the EU that bought into the whole global warming/climate change BS and moved to ‘green energy’? Their green energy should get them through the winter. Right?
Anything that helps collapse the fetid neo-marxist/globalist regimes of the EU is welcome.
It’s going to be a cold winter
Valvoline lubricants is Aramco.
The Iran-backed Houthi rebels in Yemen reportedly hit Saudi Arabia’s east/west pipeline with drones. President Trump did not strike the Houthi’s. Despite knowing oil prices would jump, President Trump told Saudi Crown Prince Mohammed bin Salmon to approach the issue carefully.
Reuters, citing an Axios report based on two US officials, said Crown Prince Mohammed bin Salman called Trump twice on Thursday and pressed for military action. Trump rejected the request, according to the report.
Why would President Trump ‘not’ strike back against the Iran-backed Houthi rebels, knowing the drone attack on the Saudi pipeline would only worsen the oil issue? Well, you won’t read this anywhere else…. However, if Saudi Arabia shut down the east/west pipeline for a while (they just did), then the oil flowing to the Red Sea that ends up in Europe would be halted (it just was).
Think about it. All of a sudden Europe cannot get oil from Mohammed bin Salmon. So, how does that change the dynamic of President Trump’s desired leverage toward Europe in his approach to bringing Russian oil back into the market.
I hope everyone can see the dynamic. All of a sudden that Russian oil Europe hates so much, turns into dependency leverage against EU antagonisms against solving the Ukraine-Russia conflict. This is not happening accidentally.
Oil Price News – Saudi Aramco has canceled or delayed crude deliveries to European refiners after the shutdown of the kingdom’s East-West pipeline cut into one of its remaining routes around the Strait of Hormuz.
At least three European refiners have had late-September cargoes canceled or pushed as far out as November, according to market sources cited by Argus. Two more expect notices covering September supplies.
The 7-million-bpd East-West pipeline has been offline since a September 10 attack. The pipeline carries crude from eastern Saudi oil fields to the Red Sea port of Yanbu, bypassing Hormuz.
One market source told Argus that every Saudi cargo scheduled for the final 10 days of September could be at risk. The same source estimated that Yanbu had roughly five days of crude inventories remaining. Argus could not independently confirm that estimate, and Aramco declined to comment.
In August, Bloomberg had reported that Aramco would supply full contractual crude volumes to at least three European refiners for September.
But no Saudi crude has departed Yanbu since September 11, according to Vortexa data cited by Argus. (read more)
Essentially, the Houthi “attack” on the Saudi pipeline just shut down oil going to Europe.
Europe needs oil. This is not an optional dynamic.
Russia has the oil that Europe now desperately needs.
Suddenly, the geopolitical dynamic has shifted, as an outcome of the economic/energy dynamic shifting, at a very opportune time for President Trump to hold optimal leverage to get Europe to reconsider their opposition to a Russia-Ukraine ceasefire.
The EU is governed spineless self-hating lefties. They have zero willpower to defend even their most critical interests. They’d rather be held hostage by ragged militia of drug addled inbreds. Just incredible.
Frankly, I’d believe anything - but let’s be fair - the Houthis did it and took credit for it.
Did the Ukrainians blow up Nordstream? I’m less convinced of that.
“the price of crude is falling this morning. Go figure!”
The Saudis are getting their oil that had been going through the East West Pipeline, out through the Strait of Hormuz instead.
Being the largest global supplier of oil sounds like winning to me.
Russia is starting to have its' own oil problem.
I wonder if the Russians will have to oil to sell to Europe?
Or to China. That’s what I really care about. Cutting off every one of our enemies at the knees.
What does Nord Stream have to do with crude oil ??? Nord Stream was a natural gas pipeline not a crude oil pipeline.
Say Iran had a nuke and didn’t use it, would they instead hold all activity in Persian gulf hostage?
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