Saudi Arabia to store oil in Singapore's Jurong Rock Caverns from second half of 2027 to cope with Hormuz disruptions

Singapore will store Saudi Arabian crude oil in its underground Jurong Rock Caverns from the second half of 2027, part of the kingdom's plan to strengthen regional supply security amid severe disruptions in the Strait of Hormuz from the US-Iran war.

Detected & updated continuously · Source: Nebula