Saudi Aramco is offering European customers additional crude oil cargoes for delivery in late October and into mid-November, three trade sources told Reuters.
The volumes could help make up for cargoes European buyers missed in September, two Mediterranean trade sources said. An Aramco spokesperson declined to comment on Thursday.
Poland’s Orlen is expected to receive at least four October-loading Saudi cargoes from Egypt’s Sidi Kerir terminal, according to shipping data and a source familiar with the matter. Bankier.pl, citing LSEG shipping data, put the combined capacity of the four tankers at 2.9 million barrels.
Aramco has been Orlen’s largest crude supplier since 2022, accounting for about 40% of its purchases. Orlen told Bankier.pl it does not comment on current trading activity.
Separately, energy pricing agency Argus reported that Aramco had begun offering prompt spot cargoes to European refiners from Sidi Kerir and the Red Sea port of Yanbu, with bids requested against ICE Brent. Aramco has historically supplied European customers only through term contracts, according to Argus.
European imports of crude from Saudi Arabia and Sidi Kerir fell to 460,000 barrels per day in September, from 900,000 bpd in August, according to Kpler data. That was the lowest monthly total since December 2024.
Saudi deliveries were disrupted after drone attacks forced the shutdown of the East-West Pipeline on September 11. Riyadh blamed the attacks on Iraqi militia. Saudi Arabia has been increasing flows through the pipeline to its Red Sea export terminals since early October.
Aramco is scheduled to report third-quarter 2026 results on November 3.
