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Saudi Arabia and Singapore's energy ministries announced on Monday their joint intention to establish a crude oil storage arrangement in Singapore, aimed at strengthening energy security and supply chain resilience.
أكد وزير الطاقة، وزير الصناعة والثروة المعدنية السعودي، الأمير عبد العزيز بن سلمان، أن المملكة واصلت إمداد أسواق الطاقة حول العالم في ظل ظروف صعبة.
Saudi Arabia plans to store crude oil in Singapore from the second half of 2027 under a proposed arrangement aimed at strengthening its supply chain in Southeast Asia and supporting the city-state’s energy security.
Saudi Arabia plans to store crude oil in Singapore to protect supplies to Asian customers from further disruption following the Iran war. “Saudi Arabia and Singapore are announcing our joint intent to establish an arrangement for Saudi crude oil to be stored…
Petrochemicals company Saudi Basic Industries Corp (Sabic) has returned to quarterly profit despite disruption caused by the Iran conflict, but has reduced its spending plans for the year.
Oil prices fell on Monday after surging last week to near six-month highs, amid hopes of easing hostilities between the US and Iran, although persistent attacks on key producer Saudi Arabia kept investors wary.
Houthi missile and drone attacks targeted Saudi Arabia on Monday, but oil prices fell after US President Donald Trump ruled out imminent strikes on Iran. US military officials also reported continued oil shipments through the Strait of Hormuz.
Saudi Arabia plans to store crude oil at Singapore's Jurong Rock Caverns from the second half of 2027 to strengthen supply security in the region, energy ministers from both countries said on Monday.
أعلنت السعودية وسنغافورة عزمهما اتخاذ ترتيبات لتخزين النفط الخام السعودي في سنغافورة، اعتباراً من النصف الثاني من عام 2027.
The chief of US Central Command, Brad Cooper, flew over the Strait of Hormuz in an army helicopter on Sunday as CENTCOM said American forces had helped Gulf partners export more than 1.5 billion barrels of crude oil since the summer.
The chief of US Central Command, Brad Cooper, flew over the Strait of Hormuz in a CH-47 Chinook helicopter on Sunday as the command said US forces had helped Gulf partners export more than 1.5 billion barrels of crude oil since the summer.
US Central Command on Sunday said it helped Gulf countries export 1.5 billion barrels of oil via the Strait of Hormuz since summer, bypassing an Iranian blockade.