Saudi Arabia Keeps Getting Hit by the Houthis. It Will Move Oil Elsewhere to Keep it Safer.

Source: International Business Times

This photo shows a general view of Saudi oil giant Aramco's Riyadh refinery, south of Riyadh on October 3, 2026. Getty Images Saudi Arabia is planning to store some of its crude oil in Singapore to keep it safe during ongoing hostilities and chaos in the Middle East. Reuters reported that Riyadh plans to store oil at Singapore's Jurong Rock Caverns in 2027 to strengthen supply security.