Aramco Offers Discounted Crude Cargoes to European Refiners as Brent Trades Near $114

Bloomberg reported, as relayed by Ecoiran citing Shafaqna, that Saudi Aramco has offered cargoes for prompt delivery in October and November 2026 to European buyers. Sources said some October cargoes were offered at a discount to the official selling price and are due to load from the Sidi Kerir terminal in Egypt or from Yanbu in Saudi Arabia.

Aramco had earlier told European refiners they would not receive long-term-contract cargoes in October, but said this month that refiners will receive their full allocations in November. Traders said the larger Saudi supply this week has helped pull down prices of some crude grades in the European market. OilPrice.com also headlined that Aramco is offering discounted oil to Europe as exports recover.

According to Sahmino's price record, Brent crude stood at about $114.06 a barrel at 00:03 on Thursday, 29 October 2026.