Saudi Arabia is cutting crude supplies to Europe after a drone attack forced Riyadh to shut its crucial East-West oil pipeline. Saudi Aramco has reportedly told European term customers they will receive no crude allocation next month, disrupting a route designed to bypass the Strait of Hormuz. The shock has already sent refiners scrambling, with Poland's Orlen seeking alternative supplies. OECD Europe imported 577,000 barrels daily from Saudi Arabia in June. As Riyadh reportedly seeks Beijing's help to restrain the Houthis, can Xi help MBS reopen his oil lifeline?
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