Saudi Arabia is dropping its pump-more playbook. Aramco wants to double overseas oil storage, and its first deal will store crude in Singapore's Jurong Rock Caverns from 2H 2027 as Gulf routes look exposed. #Oil#SaudiArabia#Aramco#Hormuz
Saudi Arabia has struck a deal to store crude in Singapore's Jurong Rock Caverns, which hold about 9 million barrels, with deliveries from H2 next year, as Houthi attacks and the Gulf war disrupt Saudi exports. #Oil#SaudiArabia#Singapore
Egypt moves to defend Saudi Arabia as Iran names Saudi refineries, data centers and undersea cables as next targets. Egypt's parliament votes Oct 26 on letting Sisi answer any Saudi request for military help. #Egypt#SaudiArabia#Iran
Saudi crude exports rose 7.9% in August to 4.451 million bpd, the highest since March, as output fell to a record low 6.24 million bpd, JODI data show. The kingdom is shipping from both coasts despite regional tensions. #Oil#SaudiArabia#OPEC
Houthi strikes on Saudi oil infrastructure have extended to the Shaybah oilfield, raising the risk Saudi Arabia is forced to shut in some production. Brent is at $108, about $5 above WTI after November WTI expired. #Oil#SaudiArabia#Houthis#Brent
