Saudi Arabia to Expand Asian Crude Oil Storage With Singapore Deal

Saudi Arabia plans to store crude oil in Singapore’s Jurong Rock Caverns from the second half of 2027 to strengthen regional supply security and enhance the resilience of its crude oil supply chain, according to statements by the two countries’ energy ministers on October 26, Reuters reported. The planned arrangement comes amid disruptions to energy […] The post Saudi Arabia to Expand Asian Crude Oil Storage With Singapore Deal first appeared on Egypt Oil & Gas.