Competition Hot to Send Europe Jet Fuel After Saudi Attacks

  • Russia expected to compete to fill gap left by drone strikes
  • Europe needs to replace 100,000 barrels a day: consultancy

Workers repair a damaged refining tower at Saudi Aramco's Abqaiq crude oil processing plant in Abqaiq, Saudi Arabia on Sept. 20.

Photographer: Faisal Al Nasser/Bloomberg
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Europe needs jet fuel and suppliers are snapping up barrels to send over.

Nations, including the U.S., are showing interest in shipping cargoes to Europe to offset supply lost by the attacks on Saudi Arabia’s key Abqaiq crude-processing plants earlier this month. Interest in exports from the U.S. is also pushing up prices in cash markets in the Gulf Coast refining hub.