Singapore’s fuel oil inventories fell by 7% in May in Port News 08/06/2026 Residual fuel oil stocks in Singapore averaged 7% lower in May than in April, data from Enterprise Singapore shows. Changes in monthly average Singapore stocks from April to May: Residual fuel oil stocks down 1.54 million bbls to 20.30 million bbls Middle distillate stocks down 1.04 million bbls to 9.15 million bbls Singapore’s fuel oil inventories fell below 21 million bbls in May, despite a slight increase of 2% in the port’s net fuel oil imports. Fuel oil imports declined by 344,000 bbls during the month, while exports recorded a steeper drop of 401,000 bbls. The majority of incoming fuel oil cargoes originated from Brazil (14%), Russia (12%) and Venezuela (11%). On the export side, South Korea (25%), China (19%) and Saudi Arabia (16%) were the leading destinations for Singapore’s fuel oil shipments. The port’s middle distillate inventories also edged lower, averaging 10% below the previous month. Changes in monthly average Singapore fuel oil trade from April to May: Fuel oil imports down 344,000 bbls to 4.72 million bbls Fuel oil exports down 401,000 bbls to 2.08 million bbls Fuel oil net imports up 58,000 bbls to 2.64 million bbls VLSFO availability in Singapore remains under pressure, with suppliers recommending lead times of 10-15 days, compared to last week’s 13-18 days. HSFO supply has tightened further, with lead times extending to around 10-15 days, from 9-11 days previously. In contrast, LSMGO availability has improved, with recommended lead times easing to about seven days from 10-12 days last week. Source: By Tuhin Roy, ENGINE, https://www.engine.online/news 2026-06-08 hellenicshippingnews... tweet Share