Singapore fuel oil stocks rise 4%

Singapore’s residual fuel oil stocks have averaged 4% higher so far in November than across October, Enterprise Singapore’s latest data shows.

Changes in monthly average Singapore stocks from October to November (so far):

• Residual fuel oil stocks up 770,000 bbls to 19.33 million bbls
• Middle distillate stocks down 710,000 bbls to 8.43 million bbls

Singapore’s fuel oil stocks have risen above 19 million bbls, amid a 7% increase in net fuel oil imports so far in November. Both imports and exports have fallen, with imports declining by 255,000 bbls and exports by a steeper 534,000 bbls.

Meanwhile, Singapore’s middle distillate inventories have fallen by 8% so far this month to 8.43 million bbls.

Changes in monthly average Singapore fuel oil trade from October to November (so far):

• Fuel oil imports down 255,000 bbls to 5.63 million bbls
• Fuel oil exports down 534,000 bbls to 1.55 million bbls
• Fuel oil net imports up 279,000 bbls to 4.07 million bbls

Bunker availability in Singapore is very tight for prompt delivery dates. Lead times for HSFO, VLSFO and LSMGO range between 10-17 days.

By Shilpa Sharma

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