Singapore’s fuel oil inventories drawn amid net import decline

Singapore’s residual fuel oil stocks averaged 9% lower in April than in March, Enterprise Singapore’s latest data shows.

Changes in monthly average Singapore stocks from March to April:

• Residual fuel oil stocks down 2.05 million bbls to 21.84 million bbls
• Middle distillate stocks up 1.91 million bbls to 10.19 million bbls

Fuel oil inventories in Singapore averaged below 22 million bbls in April amid a 22% drop in the port’s net fuel oil imports. Imports declined by 1.69 million bbls, while exports increased by 450,000 bbls.

Meanwhile, the port’s middle distillate inventories averaged 23% higher in April, reaching their highest level since June 2025.

Changes in Singapore fuel oil trade from March to April:

• Fuel oil imports down 1.69 million bbls to 5.06 million bbls
• Fuel oil exports up 450,000 bbls to 2.48 million bbls
• Fuel oil net imports down 2.14 million bbls to 2.58 million bbls

Singapore's VLSFO bunker lead times now ranging between 7-15 days, compared to 5-12 days previously. HSFO lead times have lengthened to 7-12 days from last week’s 5-10-day window. LSMGO availability has tightened as well, with lead times extending to 6-9 days, up from 2-7 days.

By Samantha Shaji

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