{
  "id": 81226,
  "title": "Singapore’s fuel oil inventories surged by 9% in July",
  "url": "https://urgent.news/2026/08/03/singapores-fuel-oil-inventories-surged-by-9-in-july",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T10:00:45.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/singapores-fuel-oil-inventories-surged-by-9-in-july/"
  },
  "original_language": "en",
  "account": "Singapore's fuel oil inventories saw a 9% increase in July compared to the previous month, according to data from Enterprise Singapore. The increase in residual fuel oil stocks was observed despite the stocks having dropped significantly from over 23 million barrels in March to under 18 million barrels in June. Brazil, India, and the UAE were the top three sources of Singapore's fuel oil imports, contributing 16%, 10%, and 8% respectively. On the export side, China topped the list with 40% of shipments, followed by South Korea and Bangladesh. Additionally, Singapore's middle distillate inventories also rose by 9% in July. The tightening supply of Very Low Sulfur Fuel Oil (VLSFO) in Singapore led suppliers to advise longer lead times of 16-20 days, up from 14-19 days previously. The supply remains constrained as the port's fuel oil inventories have not returned to pre-conflict levels, and cargo arrivals are being affected by the ongoing US-Iran hostilities disrupting vessel traffic through the Strait of Hormuz. Heavy Fuel Oil (HSFO) availability has also tightened, with lead times extending to 12-15 days, up from 9-13 days earlier. However, LSMGO supply has improved, with lead times easing to 5-8 days, down from 9-11 days last week.",
  "summary": "Residual fuel oil stocks in Singapore averaged 9% higher in July than in June, data from Enterprise Singapore shows. Changes in monthly average Singapore stocks from June to July: Residual fuel oil stocks up 1.52 million bbls to 18.97 million bbls Middle distillate stocks up 73,000 bbls to 8.67 million bbls Singapore’s fuel oil inventories ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hellenic Shipping News",
        "title": "ARA fuel oil stocks climb down 1% in July",
        "url": "https://urgent.news/2026/08/02/ara-fuel-oil-stocks-climb-down-1-in-july",
        "published": "2026-08-02T21:00:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}