Singapore’s residual fuel oil stocks in August remained broadly unchanged from July, according to data from Enterprise Singapore.

Changes in monthly average Singapore stocks from July to August:

• Residual fuel oil stocks up 10,000 bbls to 18.99 million bbls
• Middle distillate stocks down 470,000 bbls to 8.19 million bbls

Singapore’s fuel oil inventories remained just below 19 million bbls in August. Middle distillate inventories, meanwhile, declined, averaging 5% below the previous month’s level.

Bunker supply conditions in Singapore remain tight, with VLSFO lead times of 9-16 days amid reduced availability and a shortage of blending components.

HSFO supply has also tightened, with lead times extending to 8-16 days from 6-12 days previously. LSMGO lead times have widened to 2-11 days, compared with 4-9 days a week earlier.

By Tuhin Roy

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