NewsSignals AI analysis·Reuters·
Singapore oil product inventories steady as residual fuel stocks rise
Grade Bbearish AI signal
Singapore's oil product inventories remained broadly stable at 38.25 million barrels as rising residual fuel stocks offset declining middle and light distillate inventories.
Residual fuel inventories climbed 2.4% to 19.14 million barrels, a six-week high, while middle distillates fell to an approximately two-month low of 8 million barrels.
Strong Middle Eastern fuel oil inflows and shifting Asian product flows could influence regional fuel supply balances, while growing Northeast Asian cargoes may alter inventory trends in the coming weeks.
Bullish strength: 48/100
- Middle distillate inventories declined to 8 million barrels, their lowest since September.
- Fuel oil exports from Singapore declined to approximately 361,000 tons, potentially retaining more supply in storage.
- Overall inventories remained relatively stable rather than showing a significant stockpile increase.
Bearish strength: 52/100
- Residual fuel inventories increased 2.4% to 19.14 million barrels, reaching a six-week high.
- Strong Middle Eastern inflows continued, with the UAE and Iraq among the leading suppliers.
- Naphtha imports increased to approximately 185,000 tons.
- Gasoline exports surged approximately 70% week on week to 732,000 tons.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.