Singapore fuel oil stocks stay elevated after UAE imports jump
SINGAPORE, Dec 26 (Reuters) - Onshore fuel oil storage volumes in Singapore slipped from a multi-year high touched last week, but hovered above 20 million barrels on higher imports from the United Arab Emirates, official data showed on Thursday.
Residue inventories STKRS-SIN in the week to Dec. 25 were at 21.818 million barrels (3.44 million tons), down about 25% from the highest in more than eight and a half years in the previous week, data from Enterprise Singapore showed. O/SING1
Most of the imports in the past week came from the UAE, the data showed, excluding cargo movements from Malaysia. Exports were mostly headed to China and Hong Kong, the data showed.
High inventories continued to weigh Asia's fuel oil market, with backwardation in the market structure for both very low sulphur fuel oil (VLSFO) and high sulphur fuel oil (HSFO) having narrowed on Tuesday. FUEL/A
Prompt prices are higher than those in the future month in a backwardated market.
Week to Dec. 25, Fuel oil (in metric tons) | Total Imports | Total Exports | Net Imports |
AUSTRALIA | 0 | 31,163 | -31,163 |
BAHRAIN | 60,281 | 0 | 60,281 |
BRUNEI | 1 | 0 | 1 |
CANADA | 0 | 0 | 0 |
CHINA | 0 | 65,044 | -65,044 |
GERMANY | 0 | 0 | 0 |
HONG KONG | 0 | 46,250 | -46,250 |
INDONESIA | 57,484 | 6,702 | 50,782 |
IRAQ | 76,899 | 0 | 76,899 |
JAPAN | 48,573 | 0 | 48,573 |
KUWAIT | 50,596 | 0 | 50,596 |
MALAYSIA | 327,960 | 113,305 | 214,655 |
NEPAL | 0 | 41 | -41 |
NETHERLANDS | 24,712 | 0 | 24,712 |
NEW ZEALAND | 0 | 30,200 | -30,200 |
NIGER | 35,991 | 0 | 35,991 |
NIGERIA | 90,034 | 0 | 90,034 |
PAKISTAN | 13,542 | 0 | 13,542 |
SAUDI ARABIA | 2,495 | 0 | 2,495 |
SRI LANKA | 0 | 2,996 | -2,996 |
TAIWAN | 34,395 | 0 | 34,395 |
TURKEY | 29,951 | 0 | 29,951 |
UNITED ARAB EMIRATES | 310,784 | 0 | 310,784 |
UNITED KINGDOM | 0 | 0 | 0 |
UNITED STATES | 0 | 0 | 0 |
VIETNAM | 5,477 | 16,778 | -11,301 |
TOTAL | 1,169,175 | 312,479 | 856,696 |
(Reporting by Florence Tan; Editing by Shilpi Majumdar)
((Florence.Tan@thomsonreuters.com; Reuters Messaging: florence.tan.thomsonreuters.com@reuters.net))
Related Articles
CrowdStrike 2025Q2 Earnings Preview: Well-Positioned for AI Innovations
TradingKey - CrowdStrike will release its earnings for the second quarter of the fiscal 2025 on August 27th after the bell.Overall, CRWD stock has been outperforming the broad market by being up 20% since the beginning of the year, however after July it has been in a constant decline.
[Reuters Analysis] Can Nvidia results dispel creeping AI doubts?: McGeever
By Jamie McGeeverORLANDO, Florida, Aug 26 (Reuters) - Questions are arising about when artificial intelligence will deliver its promised returns, meaning tech-concentrated U.S. equity indices sitting near record highs are vulnerable to a correction. Nvidia's quarterly results this week could the...
Nvidia Q2 Earnings Expectations: With Little Room for Error, Will China-Related Risks Be Magnified?
TradingKey - Ahead of Nvidia Q2 FY2026 earnings report, multiple Wall Street firms have raised their price targets on Nvidia, reflecting strong confidence in AI demand. While analysts continue to forecast robust ~50% year-over-year growth in revenue and EPS, the China variable remains a major risk
What to Watch in Nvidia’s Q2 FY2026 Earnings: AI Growth, Margins, and Market Impact
TradingKey - NVIDIA Corporation (NASDAQ: NVDA) will report its Q2 FY2026 earnings on Wednesday, August 27, 2025, after the U.S. market closes. The earnings call is scheduled for 5:00 p.m. Eastern Time. With Nvidia being a bellwether in AI, gaming, and data center markets, and carrying significant...
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
