Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Saudi Arabia Turns to Singapore for Oil Storage

Saudi Arabia has struck a deal with the Singaporean government to store crude oil in underground caverns in the city-state, Bloomberg reported today.

  • Saudi Arabia partners with Singapore to store crude oil.
  • Jurong Rock Caverns facility can hold 1.47 million cubic meters.
  • Agreement aims to boost supply chain resilience amid Houthi attacks.

More from Monday 26 October →