Saudi Arabia’s Singapore plan: Riyadh eyes oil storage hub from 2027 amid Hormuz disruption
The kingdom has planned to store crude oil at Singapore’s Jurong Rock Caverns after oil supplies to Asia were severely choked in the Strait of Hormuz due to the US-Iran war (Photo: Reuters). Saudi Arabia plans to store crude oil in Singapore from the second half of 2027, energy ministers from both countries announced on…
