📌 Key Highlights & Quick Takeaways:
- Saudi Arabia has decided to store its crude oil in Singapore, this decision is being made in view of supply concerns.
- The implementation of this decision of Saudi Arabia will start from the second half of 2027.
- At the same time, the head of the International Energy Agency, Fateh Birol, said that the fuel supply situation continues to be a concern.
Saudi Arabia has decided to store its crude oil in Singapore, this decision is being made in view of supply concerns.
The implementation of this decision of Saudi Arabia will start from the second half of 2027.
At the same time, the head of the International Energy Agency, Fateh Birol, said that the fuel supply situation continues to be a concern.
He added that it is unlikely that even in 2027, the global oil market will be at the level it was before the war that began with the US-Israeli attack on Iran in February.
