Singapore fuel oil stockpiles rise to nine-week high

ReutersNov 13, 2025 8:53 AM

SINGAPORE, Nov 13 (Reuters) - Onshore fuel oil stockpiles in major oil storage hub Singapore rose 6% from the previous week to a nine-week high in the week to November 12, data showed on Thursday.

Inventories of residual fuels STKRS-SIN were at 25.95 million barrels (about 4.09 million metric tons), according to Enterprise Singapore data. O/SING1

The gain came despite a drop in imports, which totalled about 603,000 tons, down 14% week-on-week. Most inflows came from regional storage hub Malaysia, while Brazil and Iraq were also top origins of supply.

Meanwhile, fuel oil exports from onshore tanks increased 19% to about 283,000 tons, with China and the Philippines as key destinations.

Singapore fuel oil inventories remained well above the year-to-date average of about 22 million barrels per week.

"The high sulphur market is weighed by higher volumes from the Middle East as Fujairah's bunker demand softened with supply to Asia rising as seasonal residual requirements for electricity weakened," said analysts from LSEG Oil Research.

Week to Nov. 12, Fuel oil (in metric tons)	Total Imports	Total Exports	Net Imports
BAHRAIN	82,399	0	82,399
BRAZIL	111,147	0	111,147
CHINA	0	146,096	-146,096
GERMANY	0	0	0
INDIA	0	88	-88
INDONESIA	25,383	6	25,377
IRAQ	123,073	0	123,073
JAPAN	13,686	0	13,686
MALAYSIA	132,566	98,153	34,413
MAURITIUS	0	5,990	-5,990
NIGERIA	54,645	0	54,645
PHILIPPINES	0	33,101	-33,101
RUSSIA	40,116	0	40,116
THAILAND	19,734	0	19,734
UNITED KINGDOM	0	0	0
UNITED STATES	0	0	0
TOTAL	602,750	283,435	319,315

(Data from Enterprise Singapore)

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