Singapore fuel oil stockpiles steady, both imports and exports climb

ReutersNov 27, 2025 9:48 AM

SINGAPORE, Nov 27 (Reuters) - Onshore fuel oil stockpiles in major oil storage hub Singapore were largely steady week-on-week, hovering above 24 million barrels, data showed on Thursday.

The inventories STKRS-SIN inched up 0.8% to 24.71 million barrels (about 3.89 million metric tons) in the week to November 26, data from Enterprise Singapore showed. O/SING1

Total imports into onshore storage rose more than 9% week-on-week to over 971,000 tons. Brazil was the top origin for the imports, followed by Russia and the United Arab Emirates.

Meanwhile, fuel oil exports more than doubled from the previous week to exceed 509,000 tons, with most outflows heading to China.

High inventory levels at Singapore continued to limit recovery in the fuel oil markets, with spot differentials for both high-sulphur and low-sulphur fuel oil still holding in discounts this week. FUEL/A

Week to Nov. 26, Fuel oil (in metric tons)	Total Imports	Total Exports	Net Imports
AUSTRALIA	0	0	0
BAHRAIN	63,869	0	63,869
BRAZIL	250,605	0	250,605
CHINA	0	221,537	-221,537
HONG KONG	0	34,991	-34,991
INDIA	0	92	-92
INDONESIA	64,495	39,504	24,990
IRAQ	21,172	0	21,172
KOREA	0	0	0
KUWAIT	47,297	0	47,297
LIBYA	41,794	0	41,794
MALAYSIA	196,710	126,549	70,161
NEW CALEDONIA	0	51,001	-51,001
PAKISTAN	27,578	0	27,578
RUSSIA	129,809	0	129,809
SAUDI ARABIA	24,281	0	24,281
SOUTH SUDAN	10,998	0	10,998
SRI LANKA	0	15,472	-15,472
TAIWAN	0	19,992	-19,992
UNITED ARAB EMIRATES	92,400	0	92,400
TOTAL	971,009	509,139	461,870

(Data from Enterprise Singapore)

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