Singapore fuel inventories decline as gasoline, diesel, and jet fuel stocks tighten.
Oil inventories at Singapore’s major regional trading hub have fallen again, with lower light and middle distillate stocks outweighing a rebound in residual fuel supplies.
Total Inventories Fall to 38.13 Million Barrels
Singapore’s combined onshore oil-product inventories fell to a three-week low of 38.134 million barrels in the week ending October 21, according to Enterprise Singapore data. The decline was driven by reductions in light and middle distillates at one of Asia’s most important fuel trading and storage hubs.
Gasoline Exports Rise Sharply
Light distillate inventories, including gasoline and naphtha, dropped to 10.971 million barrels, also a three-week low. Gasoline imports fell about 61% from the previous week to roughly 125,000 tonnes, while exports increased about 49% to around 724,000 tonnes. Malaysia received approximately 180,000 tonnes, followed by Indonesia with about 166,000 tonnes.
Diesel and Jet Fuel Stocks Drop 20%
Inventories of middle distillates, including diesel and jet fuel, fell 20% week on week to 8.31 million barrels, reaching a four-week low after approaching six-month highs the previous week. Traders cited in the report expected diesel exports from North-east Asia, particularly South Korea, to remain firm into November.
Residual Fuel Inventories Rebound
Unlike other categories, Singapore’s residual fuel inventories rose 4.5% to 18.86 million barrels, ending six consecutive weeks of declines. Fuel oil imports increased 74.9% to more than 965,000 tonnes, led by supplies from the United Arab Emirates, Thailand, and Brazil, while exports more than tripled to over 440,000 tonnes.
Stocks Remain Below September Levels
The latest total of 38.134 million barrels is below the 39.68 million barrels recorded for the week ending September 23, when Baird Maritime reported a three-week inventory low. At that time, light distillates stood at 11.78 million barrels and residual fuel at 19.78 million barrels.
For Singapore, the latest inventory movements highlight continued fluctuations across its major fuel-storage and trading hub, particularly in gasoline, diesel, and jet fuel. For Indonesian businesses and energy-market observers, the data are also relevant because Indonesia remains among the destinations for Singapore’s refined-fuel exports, including significant gasoline shipments during the latest reporting week.
Sources: Straits Times (2026) , Baird Maritime (2026)
Keywords: Singapore Oil Inventories, Fuel Stocks Singapore, Diesel Inventories, Gasoline Exports, Singapore Energy Hub, Oil Trading
