February 13, 2025 [Finimize Newsroom] – What’s going on here?
Singapore’s latest oil inventory report reveals a mixed bag for February 2025, with middle distillates climbing to their highest in nine weeks as of February 12.
What does this mean?
Enterprise Singapore’s new data sheds light on the country’s evolving oil product landscape. Middle distillates have hit a nine-week peak at 10,580 barrels, hinting at changing demand dynamics or strategic reserve shifts amid regional changes. Meanwhile, light distillates slightly dropped to 16,315 barrels, and residual fuels increased by 835 barrels to reach 20,080 barrels. With contributions from up to 14 major oil and storage firms, these figures highlight Singapore’s key role as a vital energy supply hub. Grasping this delicate balance helps stakeholders navigate supply logistics and market positioning.
Why should I care?
For markets: Singapore’s pivotal role in energy supply.
Changes in Singapore’s oil inventory can significantly impact regional markets, influencing supply chain logistics and potentially shifting investment strategies in the energy sector. As middle distillates reach new highs, stakeholders should assess how supply fluctuations might affect market prices and demand approaches.
Singapore’s inventory movements of vital oil products are part of larger global energy trends. With available historical and trade data, analysts can forecast international market impacts shaped by geopolitical factors and strategic storage choices throughout Asia.
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A total of 77 tank terminals and production facilities in Singapore´s are listed in TankTerminals.com > 24 Terminals. Petroleum refineries: 1. Olefin plants: 1. Chemical sites: 10. Hydrogen plants: 8. LNG Liquefaction plants: 2. Renewable fuel plants: 4.