XLE & Oil

Saudi Arabia Turns to Singapore for Oil Storage

OilPrice.com·Oct 26, 2026 · 2:15 AM CT
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Readthrough summary

Saudi Arabia has agreed to store crude in Singapore's Jurong Rock Caverns, which hold about 9 million barrels, with deliveries starting in the second half of next year, Bloomberg reported. The deal follows weekend Houthi strikes on Saudi infrastructure, and Aramco is seeking more storage abroad as war in the Gulf and Red Sea disrupts its exports.

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Read the original at OilPrice.com

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