Singapore fuel oil stocks held steady in August

Singapore’s residual fuel oil stocks in August remained broadly unchanged from July, according to data from Enterprise Singapore.

Changes in monthly average Singapore stocks from July to August:

• Residual fuel oil stocks up 10,000 bbls to 18.99 million bbls
• Middle distillate stocks down 470,000 bbls to 8.19 million bbls

Singapore’s fuel oil inventories remained just below 19 million bbls in August. Middle distillate inventories, meanwhile, declined, averaging 5% below the previous month’s level.

Bunker supply conditions in Singapore remain tight, with VLSFO lead times of 9-16 days amid reduced availability and a shortage of blending components.

HSFO supply has also tightened, with lead times extending to 8-16 days from 6-12 days previously. LSMGO lead times have widened to 2-11 days, compared with 4-9 days a week earlier.

By Tuhin Roy

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