{"id":18655,"date":"2026-09-18T05:10:41","date_gmt":"2026-09-18T05:10:41","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=18655"},"modified":"2026-09-18T05:10:41","modified_gmt":"2026-09-18T05:10:41","slug":"saudi-september-cargoes-canceled-one-by-one-europe-faces-costlier-replacements","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/18655\/","title":{"rendered":"Saudi September Cargoes Canceled One by One; Europe Faces Costlier Replacements"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The Sept. 10 attacks on Saudi Arabia\u2019s East-West pipeline hit several parts of the system and damaged at least one pump station, forcing Riyadh to shut a vital Hormuz bypass.<\/p>\n

The 1,200-kilometer Petroline can move about 7 million barrels a day from eastern fields to Yanbu on the Red Sea. After the U.S. military campaign against Iran effectively blocked Hormuz, the line became one of the world\u2019s more important energy assets, Roydad Naft reported, citing ISNA.<\/p>\n

Kpler estimates it was moving about 4 million barrels a day as a Hormuz alternative before the strike. A long outage could threaten 3.5 million to 4 million barrels a day of Saudi exports \u2014 less than nameplate capacity because some crude can still leave eastern terminals such as Ras Tanura despite tight Gulf shipping.<\/p>\n

The immediate problem is storage. Kpler puts Yanbu crude stocks below 15 million barrels, down from about 21 million in July and near the lowest since 2018. At 3.5 million barrels a day of exports that is theoretically a little more than four days of supply. Aramco can tap its global storage network, but Red Sea exports still need fresh crude to reach Yanbu.<\/p>\n

Markets worry the fighting is moving closer to producing assets. Pipelines, pump stations, ports and tankers have already been hit. An escalation toward Saudi refining hubs such as Abqaiq \u2014 or the fields themselves \u2014 would be a much larger global supply shock.<\/p>\n

The effect on Europe is already visible. Aramco has told European customers some September cargoes will be canceled or delayed while Yanbu loadings are suspended. An Argus report cited by Euronews said at least three European refineries have canceled late-September cargoes or, in some cases, slipped them to November.<\/p>\n

Those barrels can be replaced, but at a higher cost. Main substitutes are North Sea crude, U.S. Gulf grades such as WTI Midland, and oil from Kazakhstan, Algeria, Guyana, Brazil and West Africa. Asian refiners hit by the same Middle East disruption are bidding for many of the same cargoes, so Europe pays twice: wider crude differentials and higher freight. Yanbu Saudi barrels were a convenient fit for European and Mediterranean plants. Switching to U.S. or West African crude reshapes Atlantic Basin trade and lifts freight bills.<\/p>\n

Libya adds another risk. Output at Hamada, Tahara and NC5 stopped briefly after Petroleum Facilities Guard members shut the Hamada\u2013Zawiya pipeline, and the National Oil Corporation warned of a possible emergency. Production has since returned to normal, but the episode underlines Europe\u2019s exposure: Libya is one of the nearest alternative crudes just as plants hunt replacements for disrupted Saudi barrels.<\/p>\n

Consumers will not wait months. Wholesale diesel and gasoline prices react quickly when crude and product markets tighten; much of that can show up at European pumps within one to two weeks. As European refiners physically replace canceled or delayed Saudi cargoes with costlier Atlantic Basin barrels, the effect should be clearer in late September and October, OilPrice said, according to ISNA.<\/p>\n","protected":false},"excerpt":{"rendered":"The Sept. 10 attacks on Saudi Arabia\u2019s East-West pipeline hit several parts of the system and damaged at least one pump station, forcing Riyadh to shut a vital Hormuz bypass.","protected":false},"author":1,"featured_media":18656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,46,36,19,16,35],"tags":[],"services":[],"class_list":["post-18655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-international","category-lastnews","category-news","category-oil","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=18655"}],"version-history":[{"count":1,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18655\/revisions"}],"predecessor-version":[{"id":18657,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18655\/revisions\/18657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/18656"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=18655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=18655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=18655"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=18655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}