Singapore fuel oil stockpiles extend rise, back above 20 mln barrels

ReutersMar 27, 2025 8:12 AM

SINGAPORE, March 27 (Reuters) - Singapore onshore fuel oil stockpiles rose for a third week to a 13-week high, data showed on Thursday.

Residue inventories STKRS-SIN were at 21.708 million barrels in the week to March 26, up 10.7% from the previous week, Enterprise Singapore data showed. O/SING1

Still, onshore fuel oil stockpiles has averaged at around 18.68 million barrels per week in March so far, down slightly from February's average of around 18.95 million barrels.

Net imports rose 3% week-on-week, totalling 913,520 tons. The net imports were calculated by subtracting total exports from total imports in the week.

Most of the week's fuel oil imports were from the United Arab Emirates, Russia and Kuwait.

Meanwhile, most exports were headed to China, the Philippines and India.

Asian fuel oil arrivals have hit a five-month high of 7.39 million metric tonnes month-to-date (MTD), said LSEG Oil Research this week.

Week to Mar. 26, Fuel oil (in metric tons)	Total Imports	Total Exports	Net Imports
BRAZIL	140,579	0	140,579
CHINA	0	54,088	-54,088
INDIA	0	514	-514
INDONESIA	0	0	0
IRAQ	94,115	0	94,115
KOREA	0	0	0
KUWAIT	176,389	0	176,389
MALAYSIA	62,305	42,292	20,012
NIGERIA	37,479	0	37,479
PAKISTAN	0	0	0
PHILIPPINES	0	6,000	-6,000
RUSSIA	178,296	0	178,296
SAUDI ARABIA	50,908	0	50,908
TAIWAN	33,898	0	33,898
UNITED ARAB EMIRATES	232,453	0	232,453
UNITED STATES	0	0	0
VIETNAM	9,991	0	9,991
TOTAL	1,016,414	102,894	913,520

(Data from Enterprise Singapore)

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