Saudi Arabia will store oil in Singapore Saudi Arabia plans to locate oil reserves in Singapore to strengthen energy security in Asia, reports Asharq Al-Awast. Saudi Arabia plans to store oil in Singapore's underground Yurong rock reservoirs starting in the second half of 2027, the two countries' energy ministers said. This decision is intended to strengthen the security of energy supply in the region. "Saudi Arabia and Singapore announce a joint commitment to establish a mechanism to store Saudi oil in the Jurong underground reservoirs," Singapore's Minister of Energy, Trade and Industry said at Singapore International Energy Week. "This arrangement improves the resilience of the Saudi oil supply chain in Southeast Asia, and also helps strengthen Singapore's energy security and stability in the event of supply disruptions." More details in the link: /.