Saudi Arabia to Store Crude in Singapore Caverns Amid Houthi Threats

Saudi Arabia has agreed to store crude oil in Singapore's Jurong Rock Caverns, with deliveries starting in H2 2026. The move follows recent Houthi attacks on Saudi oil infrastructure, suggesting a strategic diversification of storage to mitigate supply disruption risks. The deal underscores Saudi efforts to secure export flexibility and hedge against regional threats.

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