Singapore's fuel oil stocks ease as imports decline
SINGAPORE, Sept 11 (Reuters) - Onshore fuel oil stockpiles in Singapore, a key storage hub, eased this week as imports declined following a sharp increase last week, official data showed on Thursday.
Inventories for residual fuel STKRS-SIN slipped to 26.53 million barrels (4.18 million metric tons) in the week ended September 10, down 3.2% from the previous week, based on Enterprise Singapore data. O/SING1
Last week, the inventories built to their highest point in more than eight months amid strong import volumes, with current levels still holding well above average levels.
Imports totalled about 745,000 tons during the week, dipping from over 1 million tons last week. Kuwait was the top supplier for the import volumes.
Exports from storage tanks totalled nearly 162,000 tons, down week-on-week, with most volumes bound for Sri Lanka, Bangladesh, and Hong Kong.
A persistently high level of inventory has capped fuel oil markets from recovering in Asia, with spot differentials for the key low-sulphur grade still stuck in discounts this week. FUEL/A
Week to Sept. 10, Fuel oil (in metric tons) | Total Imports | Total Exports | Net Imports |
AUSTRALIA | 8,199 | 0 | 8,199 |
BAHRAIN | 87,201 | 0 | 87,201 |
BANGLADESH | 0 | 25,000 | -25,000 |
BRAZIL | 60,582 | 0 | 60,582 |
HONG KONG | 0 | 34,983 | -34,983 |
INDIA | 10,001 | 106 | 9,895 |
INDONESIA | 41,855 | 0 | 41,855 |
JAPAN | 13,508 | 0 | 13,508 |
KOREA | 31,557 | 0 | 31,557 |
KUWAIT | 142,431 | 0 | 142,431 |
MALAYSIA | 161,502 | 66,556 | 94,946 |
NETHERLANDS | 45,681 | 0 | 45,681 |
NIGERIA | 14,760 | 0 | 14,760 |
SAUDI ARABIA | 76,997 | 0 | 76,997 |
SRI LANKA | 0 | 34,998 | -34,998 |
TAIWAN | 0 | 0 | 0 |
THAILAND | 22,555 | 0 | 22,555 |
UNITED ARAB EMIRATES | 0 | 0 | 0 |
UNITED STATES | 17,423 | 0 | 17,423 |
VIETNAM | 10,418 | 0 | 10,418 |
TOTAL | 744,669 | 161,643 | 583,027 |
(Data from Enterprise Singapore)
Related Articles
All Eyes on August CPI: The Data That Could Trigger a Jumbo Fed Cut — Or Not
TradingKey - The key question now is whether the August CPI report, to be released on September 11, could push the Fed toward a more aggressive 50-basis-point cut — as it did in September 2024.
Oracle Q1 FY2026 Earnings: Cloud Surge and Record RPO Fuel AI Optimism
TradingKey - Oracle Corporation (NYSE: ORCL) posted mixed Q1 FY2026 results, with total revenue and adjusted EPS slightly below consensus amid a shift to cloud services, but cloud revenue beat expectations with robust 28% growth. A massive RPO backlog of $455 billion, up 359% YoY
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks ahead
2025 Hottest US IPO Week: Klarna, Gemini, Figure Set for “Triple Launch”
TradingKey - 5 companies are now pricing their U.S. initial public offerings (IPOs) for the week starting September 8, with a total expected fundraising exceeding $3 billion, making it the busiest IPO week of 2025. Investors are closely watching the debut performance of Klarna, Gemini, and Figure.
