Singapore fuel oil inventories rebound after temporary drawdown

ReutersFeb 5, 2026 8:59 AM

SINGAPORE, Feb 5 (Reuters) - Singapore onshore fuel oil inventories have rebounded this week after dropping sharply in the previous week, with stocks piling above average levels again, data showed on Thursday.

Inventories rose 21.4% from the previous week to 24.20 million barrels (about 3.81 million metric tons) in the week to February 4, the highest in three weeks, data from Enterprise Singapore showed. O/SING1

The stockpiles recovered after sliding below average for the first time in four months, as of last week.

The uptick was driven by a rebound in imports, which rose nearly 90% to about 953,000 tons. Top origins for the imports were Russia and the United Arab Emirates.

Meanwhile, exports from Singapore onshore tanks also climbed, edging up 68% to about 474,000 tons in the week, with China as the main destination.

Spot market for low-sulphur fuel oil has weakened in recent days, with cash differentials slipping back into discounts, though high-sulphur markets retained strength. FUEL/A

Week to Feb. 4, Fuel oil (in metric tons)	Total Imports	Total Exports	Net Imports
BAHRAIN	39,968	0	39,968
BANGLADESH	0	19,011	-19,011
BRAZIL	64,160	0	64,160
CHINA	0	161,874	-161,874
DENMARK	9,991	0	9,991
ESTONIA	91,428	0	91,428
FIJI	0	12,801	-12,801
FRANCE	30,164	0	30,164
INDIA	0	88	-88
INDONESIA	32,717	0	32,717
ITALY	49,672	0	49,672
KOREA	0	87,323	-87,323
MALAYSIA	91,001	124,693	-33,691
NEW CALEDONIA	0	8,297	-8,297
PHILIPPINES	0	27,982	-27,982
RUSSIA	233,840	0	233,840
SAUDI ARABIA	79,841	0	79,841
SOUTH SUDAN	10,005	0	10,005
SRI LANKA	0	31,983	-31,983
TAIWAN	99,396	0	99,396
UNITED ARAB EMIRATES	120,828	0	120,828
TOTAL	953,010	474,052	478,958

(Data from Enterprise Singapore)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.