Saudi Arabia increases strategic oil reserves by 20% by Q1 2027
Resolves: Saudi Arabia’s official strategic oil reserves exceed 360 million barrels by March 31, 2027, as reported by the Joint Organisations Data Initiative (JODI) or OPEC secondary sources.
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
About this prediction
Resolution criteria
Saudi Arabia’s official strategic oil reserves exceed 360 million barrels by March 31, 2027, as reported by the Joint Organisations Data Initiative (JODI) or OPEC secondary sources.
Source: user-generated
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