Saudi Aramco cancels all European oil cargoes of September after Houthis strike key pipeline

Saudi Aramco, the world's largest oil company, has cancelled all of its European crude oil allocations for September, stated reports. This comes after Aramco's key pipeline was badly hit during recent Houthi strikes. At least three European refiners have had late-September cargoes cancelled or deferred to November. This would take Saudi Arabia out of the European market till October.