Singapore’s residual fuel oil stocks have averaged 1% lower 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 down 310,000 bbls to 24.91 million bbls
• Middle distillate stocks up 313,000 bbls to 9.69 million bbls

Singapore’s fuel oil inventories have remained above 24 million bbls, despite a 21% fall in the port's net fuel oil imports so far this month.

Imports have fallen by 1.68 million bbls, while exports have decreased by 903,000 bbls. Most of this month’s fuel oil imports have come from the UAE (15%), Russia (12%) and Malaysia (8%), data from cargo tracker Vortexa shows. On the export side, Singapore has mainly shipped fuel oil to China (55%), Malaysia (22%) and Indonesia (7%).

In contrast, middle distillate stocks at the port have averaged 3% higher this month.

Changes in Singapore fuel oil trade from August to September (so far):

• Fuel oil imports down 1.68 million bbls to 4.50 million bbls
• Fuel oil exports down 903,000 bbls to 1.63 million bbls
• Fuel oil net imports down 776,000 bbls to 2.86 million bbls

VLSFO availability in Singapore remains stable, with recommended lead times of 7–10 days. HSFO supply is also steady, with lead times now at 8–10 days, slightly shorter than last week’s 8–12 days.

LSMGO availability has improved, with lead times reduced to 3–6 days from 4–8 days previously.

By Tuhin Roy

Please get in touch with comments or additional info to news@engine.online