Singapore fuel oil inventories increase 6% this month
Singapore’s residual fuel oil stocks have averaged 6% higher so far in September than across August, Enterprise Singapore’s latest data shows. Changes in monthly average Singapore stocks from August to September (so far): Residual fuel oil stocks up 1.11 million bbls to 20.09 million bbls Middle distillate stocks up 160,000 bbls to 8.35 million bbls ...
Singapore's residual fuel oil inventories have increased by 6% in September compared to August, according to Enterprise Singapore's latest data. This rise is accompanied by a 12% increase in net fuel oil imports, with imports totaling 145,000 bbls and exports falling by 189,000 bbls. The largest source of fuel oil imports this month is Syria, followed by the UAE and Brazil.
On the export side, China is the largest recipient, followed by Malaysia and South Korea. Despite the tight bunker market, lead times for heavy fuel oil (HSFO) have slightly improved, with recommended lead times for Very Low Sulfur Fuel Oil (VLSFO) remaining at 13-17 days and for HSFO at 9-12 days.
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