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2025-10-16 16:53:05
Singapore Distillate Inventories Decline, Jet Fuel Exports Surge Sixfold: (1) Singapore's middle distillate inventories fell for the first time in three weeks, reaching 9.66 million barrels this week, a significant decrease from 10.06 million barrels the previous week. (2) Net exports of both diesel and jet fuel increased, contributing to the decline in inventories. (3) Net diesel exports surged 91% month-over-month, driven primarily by an 18% increase in total exports. (4) Despite a 9% decrease in total imports, imports from China remained stable. (5) Imports this week primarily came from South Korea and Malaysia, maintaining the regional supply structure. (6) Net jet fuel exports surged sixfold, primarily due to a complete lack of import vessels arriving this week. (7) Total jet fuel exports doubled from the previous week, with some shipments destined for markets west of Suez likely consisting of biofuel. (8) Shipping data indicates that over 130,000 tons of cargoes are expected to arrive in Singapore from South Korea and China next week.
