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2026-09-17 Arabia

Why The Saudi's Canceled Oil Shipment To Europe - Trump's Move To Push Them To Russian Oil

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Posted by NoMoreBS 2026-09-17 00:00|| E-Mail|| Front Page|| [207 views ] Top

1 Trump’s pressure on NATO is reshaping Europe’s defenses. Will it break the alliance?

Posted by Skidmark 2026-09-17 07:55|| 2026-09-17 07:55|| Front Page Top

2 LNG spot price surge deters Asian buyers, but saves Europe

If there is a silver lining for the global LNG market, it's that the slump in Asian demand is freeing up cargoes for Europe, which is battling to ensure sufficient natural gas storage ahead of the northern winter.

Natural gas inventories in the European Union are around 68% full, which is about 16 percentage points below the five-year average.

Europe is starting to draw more LNG cargoes, with Kpler estimating September imports will rise to 7.98 million tons, the most since May and up from 7.55 million in August.

The upward trend is forecast to continue, with Kpler estimating October arrivals at 10.53 million tons and November at 10.62 million, which are ⁠levels largely in line with the same months in 2025.

The data show Asia is once again forgoing cargoes, which allows Europe to buy more LNG, albeit at a significant price premium.

The ongoing loss of Qatar's LNG because of the war between the United States and Iran and the resulting conflict over shipping in the Strait of Hormuz has tightened the market.

Prior to the start of the war on February 28, Qatar supplied nearly 20% of global LNG and vied with Australia as the second-biggest shipper behind the United States.

Posted by Skidmark 2026-09-17 08:07|| 2026-09-17 08:07|| Front Page Top

3 I may be naïve or geographically challenged, but other than the damaged pipeline(hit by Iraqi based forces) what is stopping oil tankers from going north through the Suez canal to reach Europe through the Mediterranean?
It would seem that mostly Asian deliveries would be delayed by blockade of the southern entrance/egress through the Red Sea. Perhaps this would increase leverage on China to not support Iranian interests, although there may be increased risk that China would become more dependent on Russian oil and encourage Sino-Russian cooperation?

Posted by Bugs the Wicked6167 2026-09-17 13:43|| 2026-09-17 13:43|| Front Page Top

4 [AI]
why don't oil tankers take the Suez Canal

**Oil tankers often avoid the Suez Canal due to vessel size limitations, high transit costs, and regional security risks.**

* **Size Constraints**: The Suez Canal cannot accommodate fully laden **VLCCs** (Very Large Crude Carriers) or **ULCCs** (Ultra Large Crude Carriers) because these massive ships sit too deep in the water. While **Suezmax** tankers can transit, they carry significantly less cargo than VLCCs, reducing shipping efficiency.
* **Economic Factors**: Transit fees are substantial (e.g., ~$465,000 per typical tanker), and when oil prices are low, shippers may find it cheaper to bypass the canal and take the longer route around the **Cape of Good Hope**.
* **Security Risks**: Recent **Houthi attacks** in the **Red Sea** and **Bab al-Mandeb** have made the canal route dangerous. Many shipowners prefer the longer but safer route around Africa to avoid potential damage or seizure, even though this adds weeks to delivery times.

Posted by Skidmark 2026-09-17 15:49|| 2026-09-17 15:49|| Front Page Top

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