Live Updates > Live Update Details
2025-07-31 17:18:46
[Crude Oil Weathervane: Singapore Inventory Movements Reveal Market Truth!] ⑴ Singapore's middle distillate inventory data shows that total inventories rebounded to over 8 million barrels as of the week ending July 30. ⑵ Specific data shows that diesel/gas oil and jet fuel/kerosene inventories increased by approximately 600,000 barrels from the previous week, reaching a total of 8.458 million barrels. ⑶ This inventory rebound was primarily due to a week-over-week decline in net exports. ⑷ Net exports of gas oil and diesel fell 24% month-over-week. ⑸ Meanwhile, net exports of jet fuel and kerosene also plummeted by 37%. ⑹ Notably, total imports of gas oil and diesel surged more than fivefold from the previous week, with imports from South Korea and the United Arab Emirates being the most significant. ⑺ LSEG ship tracking data indicates that an additional 286,000 tons of oil products from South Korea and other countries are expected to arrive in Singapore in the coming week. ⑻ Despite this, the "swing barrels" from India and the Middle East, intended for shipment to Singapore next month, have not yet appeared. ⑼ Total diesel and gas oil exports fell 5% week-over-week, primarily to Australia and Indonesia. ⑽ For jet fuel and kerosene, imports from China were recorded for the first time in nearly a month. ⑾ Total jet fuel exports fell 35% week-over-week, despite some shipments to Mexico. ⑿ Trade sources revealed that this week's exports to the United States may have been sustainable aviation fuel, with approximately 33,000 tons of "green" jet fuel loaded in Singapore for the U.S. West Coast market.
