Saudi Arabia Turns to Singapore for Oil Storage
Published . Updated .
Saudi Arabia plans to store crude oil in Singapore from the second half of 2027 to strengthen Asian supply security amid escalating Middle East conflict and shipping disruptions.
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil+11.0% 11d
Oil producers earn more when crude prices rise. Linked by “crude + supply” in this story
- CVX Chevron+9.9% 30d
Oil producers earn more when crude prices rise. Linked by “crude + supply” in this story
- OXY Occidental Petroleum+3.8% 18d
Oil producers earn more when crude prices rise. Linked by “crude + supply” in this story
- COP ConocoPhillips+11.7% 30d
Oil producers earn more when crude prices rise. Linked by “crude + supply” in this story
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XOM | -2.72% | -2.80% | base | after close | after close | after close | after close |
| CVX | -3.75% | -2.77% | base | after close | after close | after close | after close |
| OXY | -2.23% | -2.27% | base | after close | after close | after close | after close |
| COP | -3.70% | -3.40% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Saudi Arabia Turns to Singapore for Oil Storage Crude Oil Prices Today | OilPrice.com
Middle East
| Company | When | Move | Status |
|---|---|---|---|
| COP | three days earlier | -3.40% | final price |
| COP | five days earlier | -3.70% | final price |
| CVX | three days earlier | -2.77% | final price |
| CVX | five days earlier | -3.75% | final price |
| MPC | three days earlier | +2.58% | final price |
| MPC | five days earlier | +3.75% | final price |
| OIH | three days earlier | -0.91% | final price |
| OIH | five days earlier | -3.02% | final price |
| OXY | three days earlier | -2.27% | final price |
| OXY | five days earlier | -2.23% | final price |
| USO | three days earlier | -5.78% | final price |
| USO | five days earlier | -5.13% | final price |
| VLO | three days earlier | +4.13% | final price |
| VLO | five days earlier | +3.31% | final price |
| XLE | three days earlier | -1.69% | final price |
| XLE | five days earlier | -2.19% | final price |
| XOM | three days earlier | -2.80% | final price |
| XOM | five days earlier | -2.72% | final price |
| XOP | three days earlier | -1.32% | final price |
| XOP | five days earlier | -1.09% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 66 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 61 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 63 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 66 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Where “Saudi Arabia Turns to Singapore for Oil Storage” sits: Middle East
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Saudi Arabia Turns to Singapore for Oil Storage” is tagged to Middle East.
How solid “Saudi Arabia Turns to Singapore for Oil Storage” looks
25 out of 100
“Saudi Arabia Turns to Singapore for Oil Storage” scores 25 out of 100. The score uses 2 sources.