Singapore fuel oil stockpiles slip after rising for three straight weeks

ReutersDec 18, 2025 8:23 AM

SINGAPORE, Dec 18 (Reuters) - Onshore fuel oil stockpiles in Singapore fell after climbing for three consecutive weeks, as both imports and exports declined from the previous week, data showed on Thursday.

Inventories STKRS-SIN fell 5.4% week-on-week to 24.66 million barrels (about 3.88 million metric tons) in the week to December 17, data from Enterprise Singapore showed. O/SING1

Despite the decline, stocks remained well above average.

Fuel oil inflows into onshore storage slipped 19.0% to about 762,000 tons, with Indonesia as the top origin for the week.

Meanwhile, fuel oil outflows from Singapore tanks fell 41.0% to about 307,000 tons, though most of these volumes were headed to neighbouring storage hub Malaysia, a sign that regional supplies are still building.

Inventories also fell week-on-week as some sellers tried to clear stocks before the year ends.

Asia fuel oil markets have been weighed by the high inventories in recent months, with price differentials stuck in discounts. FUEL/A

Week to Dec. 17, Fuel oil (in metric tons)	Total Imports	Total Exports	Net Imports
BAHRAIN	102,118	0	102,118
BRAZIL	76,932	0	76,932
BULGARIA	25,067	0	25,067
CHINA	0	38,003	-38,003
INDONESIA	140,305	0	140,305
ITALY	130,051	0	130,051
JAPAN	39,871	0	39,871
KAZAKHSTAN	38,500	0	38,500
KUWAIT	35,818	0	35,818
KYRGYZSTAN	32,851	0	32,851
MALAYSIA	48,784	233,761	-184,976
NORWAY	0	0	0
PHILIPPINES	0	32,881	-32,881
SOUTH SUDAN	4,751	0	4,751
SRI LANKA	0	2,170	-2,170
SWEDEN	0	0	0
TURKMENISTAN	13,546	0	13,546
UNITED ARAB EMIRATES	73,103	0	73,103
UNITED STATES	0	0	0
TOTAL	761,697	306,815	454,883

(Data from Enterprise Singapore)

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