Saudi Arabia increases strategic oil reserves by 20% by Q1 2027

Market overview

Saudi Arabia, as the largest regional exporter, will expand its strategic petroleum reserves by at least 20% over the next six months to buffer against Hormuz Strait supply risks. This follows reported government tenders for additional storage capacity and new storage facilities in Jubail and Yanbu.

macro prediction market

Implied probability (Yes)

75%

Closes

2027-03-31

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