Gulf Oil Giants Work to Expand Overseas Storage As War Exposes Supply Risks https://t.co/zvWEd0p0SG

By: WSJmarkets

Published: 2026-10-29T16:01:21.926522Z

Last Updated: 2026-10-30T14:06:26.499900Z

Category: World

Saudi Arabia, the United Arab Emirates and other major exporters are expanding storage and refining capacity abroad to keep crude and fuel moving during disruptions.

• Overseas terminals give producers more control over where oil is stored, processed and delivered.

• The strategy is designed to reduce exposure to attacks, shipping bottlenecks and sudden regional instability.

• Gulf companies are pursuing partnerships and facilities in Asia, Europe and other key markets, placing supplies closer to major customers.

• Additional storage could help stabilize exports when conflicts or sanctions disrupt established trade routes.

• The investments also reflect a broader shift: oil producers are seeking influence across the entire supply chain, not just at the wellhead.

The push comes as wars and geopolitical tensions have raised insurance costs, threatened shipping lanes and underscored the risks of relying on concentrated infrastructure. While overseas assets cannot eliminate those dangers, they can give Gulf exporters greater flexibility during crises. The expansion also positions them to compete in a market increasingly shaped by energy security, strategic stockpiles and changing global demand.