{
  "id": 16573550,
  "title": "Saudi Arabia to store oil in Singapore's underground caverns from 2027",
  "url": "https://urgent.news/2026/10/26/saudi-arabia-to-store-oil-in-singapores-underground-caverns-from-2027",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T07:40:33.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/economy/saudi-arabia-to-store-oil-in-singapore-s-underground-caverns-from-2027-5136976.html"
  },
  "original_language": "en",
  "account": "Saudi Arabia and Singapore have agreed to collaborate on storing Saudi crude oil in Singapore's underground caverns, starting in 2027, according to a statement at the Singapore International Energy Week conference. The move aims to bolster supply resilience in Southeast Asia and enhance Singapore's energy security amid potential disruptions. Jurong Rock Caverns, located 150 meters below ground, can hold up to 1.47 million cubic meters of crude oil and condensate. Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman Al-Saud, highlighted the arrangement's significance in bolstering supply flexibility and preparedness. The arrangement follows similar deals Saudi Aramco has made with Japan and South Korea.",
  "summary": "Saudi Arabia plans to store crude oil in Singapore from the second half of 2027 to strengthen supply security in the region, both countries' energy ministers said on Monday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "Saudi Arabia's Humain expands Nvidia deal with 84MW AI computing plan",
        "url": "https://urgent.news/2026/10/22/saudi-arabias-humain-expands-nvidia-deal-with-84mw-ai-computing-plan",
        "published": "2026-10-22T10:56:22.000Z"
      },
      {
        "outlet": "DW News",
        "title": "Saudi Arabia looks to US for an AI edge as Yemen's Houthis up pressure",
        "url": "https://urgent.news/2026/10/25/saudi-arabia-looks-to-us-for-an-ai-edge-as-yemens-houthis-up-pressure",
        "published": "2026-10-25T09:13:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Saudi Arabia stocks lower at close of trade; Tadawul All Share down 2.65%",
        "url": "https://urgent.news/2026/10/25/saudi-arabia-stocks-lower-at-close-of-trade-tadawul-all-share-down-2",
        "published": "2026-10-25T12:45:03.000Z"
      },
      {
        "outlet": "Hellenic Shipping News",
        "title": "Saudi Arabia’s ports handle over 5.2mln containers through August 2026",
        "url": "https://urgent.news/2026/10/26/saudi-arabias-ports-handle-over-5-2mln-containers-through-august-2026",
        "published": "2026-10-26T11:00:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}