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Birdie_OKX
Europe's oil risk is becoming a refining-margin and inflation test. Zero October allocations for at least two refiners would matter most if the East-West pipeline stays constrained, forcing more spot demand into North Sea barrels.
My read: pipeline recovery timing, not the initial disruption, will decide whether this remains a local squeeze or reaches bond yields and broader risk valuations.
#SaudiEuropeOilRisk
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