Singapore fuel oil stockpiles log weekly uptick as net imports rise
SINGAPORE, June 26 (Reuters) - Onshore fuel oil stockpiles at key trading hub Singapore climbed this week after net imports rose, data showed on Thursday.
Residual fuel inventories STKRS-SIN were at 22.50 million barrels (about 3.54 million metric tons) in the week to June 25, up about 5% from the previous week, data from Enterprise Singapore showed. O/SING1
The inventories continued to hover above typical weekly averages for a sixth consecutive week.
Net imports, which are calculated by subtracting total exports from total imports, were at 418,000 tons in the week, up 8% from last week.
Most of the week's fuel oil imports came from Brazil and Mexico, while the majority of the exports out of the onshore tanks were headed for China.
Ample supply availability has been keeping inventories buoyed while pressuring price benchmarks.
Spot premiums for high sulphur fuel oil have slipped to a one-month low this week, while premiums for very low sulphur fuel oil also eased.
Week to Jun. 25, Fuel oil (in metric tons) | Total Imports | Total Exports | Net Imports |
BRAZIL | 129,763 | 0 | 129,763 |
CHINA | 0 | 31,459 | -31,459 |
INDIA | 0 | 92 | -92 |
INDONESIA | 42,127 | 0 | 42,127 |
IRAQ | 30,488 | 0 | 30,488 |
KOREA | 4,417 | 0 | 4,417 |
KUWAIT | 22,106 | 0 | 22,106 |
MALAYSIA | 193,957 | 54,026 | 139,931 |
MEXICO | 75,961 | 0 | 75,961 |
NETHERLANDS | 3,614 | 0 | 3,614 |
NEW ZEALAND | 0 | 8,649 | -8,649 |
PHILIPPINES | 0 | 17,750 | -17,750 |
SOUTH SUDAN | 45,883 | 0 | 45,883 |
SRI LANKA | 0 | 9,996 | -9,996 |
VIETNAM | 9,625 | 17,763 | -8,139 |
TOTAL | 557,941 | 139,736 | 418,204 |
(Data from Enterprise Singapore)
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.
What is BNB? Can CZ's Return to Binance Propel It to $2700?
It’s also worth noting that 2028 marks Bitcoin’s fifth halving — a historically bullish catalyst. If past cycles repeat, BNB could ride the wave to new highs. Considering macroeconomic trends, supply dynamics, CZ’s potential return, and the next bull market, Standard Chartered’s target seems increas
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
ASML Q2 FY2025 Earnings Review: Strong Growth and High-NA EUV Breakthrough Shadowed by 2026 Uncertainty
ASML Holding N.V. (NASDAQ: ASML) released its Q2 FY2025 earnings on July 16, 2025, exceeding market expectations with robust net sales and net bookings, though the stock fell around 10% due to cautious guidance for 2026 amid geopolitical uncertainties.
