Singapore fuel oil stockpiles rebound to three-week high

ReutersAug 28, 2025 9:58 AM

SINGAPORE, Aug 28 (Reuters) - Onshore fuel oil stockpiles in Singapore rebounded to their highest in three weeks, official data showed on Thursday.

Residual fuel inventories STKRS-SIN rose 7.3% to 24.72 million barrels (3.89 million metric tons) in the week to Aug. 27, according to data from Enterprise Singapore. O/SING1

Total net imports declined from the previous week, but broader supply to the region has remained strong this month, while bunker demand remained average, according to industry sources.

Most of the week's inflows came from neighbouring storage hub Malaysia. Key suppliers of the week were Russia and Mexico, based on the import volumes recorded.

Meanwhile, the top destination for outflows from Singapore onshore tanks was China.

The market was still largely amply supplied, trade sources said, though the low-sulphur market showed some signs of recovery. Spot differentials have flipped from discounts into premiums as of this week. FUEL/A

Week to Aug. 27, Fuel oil (in metric tons)	Total Imports	Total Exports	Net Imports
AUSTRALIA	13,658	7,000	6,658
BAHRAIN	15,001	0	15,001
BRAZIL	37,496	0	37,496
CHINA	0	59,155	-59,155
INDONESIA	36,088	0	36,088
IRAQ	20,000	0	20,000
KOREA	6,652	38,000	-31,349
MALAYSIA	317,739	26,651	291,088
MARSHALL ISLANDS	0	6,864	-6,864
MEXICO	58,051	0	58,051
NETHERLANDS	1,952	0	1,952
NEW ZEALAND	0	40,618	-40,618
NIGERIA	61,161	0	61,161
PAPUA NEW GUINEA	0	33,717	-33,717
PHILIPPINES	0	39,154	-39,154
RUSSIA	99,597	0	99,597
SAUDI ARABIA	39,801	0	39,801
SRI LANKA	0	28,999	-28,999
TAIWAN	0	0	0
THAILAND	22,484	0	22,484
UNITED STATES	65,341	19,997	45,344
VIETNAM	4,799	0	4,799
TOTAL	799,821	300,155	499,666

(Data from Enterprise Singapore)

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