Fuel Incorporation facilitates 1 billion dollars in gasoil sales
Singapore diesel trader Fuel Incorporation crossed 1 billion dollars in gasoil transactions following global supply constraints while securing new coal supplies from Indonesian mining operations
Fuel Incorporation, a prominent Singapore-based diesel supplier, has facilitated over US$1 billion in gasoil and diesel transactions internationally, as concerns over tightening diesel supply reshape procurement practices across Asia. The surge in demand for secure stockpiles has pushed transaction volumes at Singapore's fuel trading desks to record levels.
Charlie Tan, Director of Fuel Incorporation, noted that buyers are moving away from spot purchases to annual procurement contracts to avoid potential shortages. Fuel Incorporation's strategic position at the heart of these energy flows is a reflection of Singapore's role as the region's energy trading hub. The company's international trading desk now spans gasoil, crude oil, LPG, LNG, bunkering, and vessel charter.
In addition to its diesel business, Fuel Incorporation has expanded into coal supply, securing a supply from an Indonesian coal mine to serve power-generation and industrial customers across the region. This expansion positions Fuel Incorporation as a single Singapore-based counterparty for the energy that powers economies, indicating a shift beyond fuels to a broader range of commodities.
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