EconomicSingapore·26 Oct 2026
Saudi Arabia to store crude oil in Singapore starting in 2027
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Saudi Arabia and Singapore announced an agreement to store Saudi crude oil at Singapore's underground Jurong Rock Caverns beginning in the second half of 2027. This initiative, involving Saudi Aramco, the Singaporean Energy Market Authority, and JTC Corp, was prompted by disruptions to Asian oil supplies caused by the U.S.-Iran war in the Strait of Hormuz.…
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Times of India
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