Bunker fuel availability in Singapore has improved recently. Lead times for Very Low Sulfur Fuel Oil (VLSFO) have decreased from 6-18 days last week to 7-10 days. Similarly, High Sulfur Fuel Oil (HSFO) lead times have dropped from 7-11 days to 6-9 days. Low Sulfur Marine Gas Oil (LSMGO) remains easily accessible, with recommended lead times reduced from 6-8 days to 4-7 days.
Enterprise Singapore reports that residual fuel oil stocks at the port have been about 20% higher in April compared to March. At 23.01 million barrels, Singapore’s fuel oil stocks have reached a multi-year high. Additionally, the port has seen a 21% increase in net fuel oil imports in April, with imports rising by 1.33 million barrels and exports up by 455,000 barrels. However, middle distillate stocks have been about 10% lower in April than in March.
At Malaysia’s Port Klang, VLSFO and LSMGO are readily available, and prompt delivery is possible for smaller volumes. However, HSFO supply remains limited.
In Zhoushan, China, lead times for VLSFO remain at 5-7 days, while LSMGO lead times have shortened from 5-7 days last week to 1-3 days. HSFO supply has improved significantly, with several suppliers now recommending lead times of 3-5 days, down from around eight days last week. Bunkering activity in China is expected to remain subdued during the Labor Day holiday period from May 1-5.
In northern China, ports like Dalian and Qingdao have healthy stocks of VLSFO and LSMGO, though HSFO remains limited in Qingdao. Tianjin continues to experience tight supply for both VLSFO and HSFO, while LSMGO availability remains stable.
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