XLE & Oil

Saudi, Singapore Announce Oil Storage Deal

Rigzone·Oct 26, 2026 · 6:32 AM CT
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Readthrough summary

Singapore and Saudi Arabia announced plans to store Saudi crude in the Jurong Rock Caverns on Singapore's Jurong Island to support the city-state's energy security during supply disruptions. Singapore agencies signed a memorandum of understanding with Saudi Aramco, with storage operations expected to begin in the second half of 2027.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Rigzone.

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