Singapore’s residual fuel oil stocks averaged 3% higher in December than across November, according to Enterprise Singapore.

Changes in monthly average Singapore stocks from November to December:

• Residual fuel oil stocks up 750,000 bbls to 25.80 million bbls
• Middle distillate stocks down 800,000 bbls to 8.26 million bbls

Singapore’s fuel oil inventories stayed above 25 million bbls in December, even as the port’s net fuel oil imports declined by 2%.

During the month, imports increased by 699,000 bbls, while exports rose by 748,000 bbls.

Meanwhile, Singapore’s middle distillate stocks fell, averaging 9% lower in December than in November.

Changes in Singapore fuel oil trade from November to December:

• Fuel oil imports up 699,000 bbls to 5.69 million bbls
• Fuel oil exports up 748,000 bbls to 2.70 million bbls
• Fuel oil net imports down 49,000 bbls to 2.99 million bbls

Despite weak bunker demand, suppliers in Singapore are advising VLSFO lead times of about 4–6 days. LSMGO availability remains comfortable, with recommended lead times of around three days, while HSFO supply is tight and requires significantly longer advance notice of 9–10 days.

By Tuhin Roy

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