Singapore as no oil resources as in we do not have oil fields to drill for oil.
But Singapore is a Petro-Giant.
How Singapore became a Petro-giant (Asianometry)
I'll leave this compilation of Youtube videos to explain (and provoke?)
Malaysia's Oil Industry's Booming. But can it compete with Singapore? (BrianLes)
With the war in the Middle East (US & Israel attacking Iran, and Iran controlling the Strait of Hormuz, preventing tankers from using the strait), about 20% of oil has been cut off from the world, and prices are soaring. There is a fear that eventually (if the war drags on), there will be another oil crisis.
Is Singapore ready for such a scenario?
Video: Singapore's fuel stockpile "enough to last for months" <Deep Dive, CNA>
Why Malaysia buys oil from Singapore (Behind Asia)
Why US can't use its own oil. (Infographics Show)
Why Singapore Built 150-meter deep Oil Caverns - Across Asia Uncovered
Why Singapore built a 150m-deep Oil Cave - Singapore Hour
Indonesia plans to cut fuel imports from Singapore (CNA)
Indonesia plans to buy fuel from US to balance their trade with US and reduce the Trump Tariff on Indonesia.
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