Commodity Market Report
Singapore product markets long-term outlook H1 2019
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Singapore had a deficit of 439 kb/d of refinery supply of total oil products versus demand in 2018, coming from large fuel oil and relatively small naphtha deficits, partially offset by surpluses of gasoline and middle distillates. The significant deficit in fuel oil is due to the high level of international marine bunkering demand. Demand in Singapore is driven by fuel oil for marine bunkering use. Singapore's status as a major international trade and transportation hub, as well as chemicals export centre, makes its demand profile unique, in that marine bunker fuels, aviation jet, and petrochemical feedstock uses together account for around 88% of overall oil demand. Total product demand in Singapore is forecast to grow rather slowly, at 0.4% per annum, to reach 1.31 million b/d in 2040.
Table of contents
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Fuel quality specifications
- Gasoline
- Diesel/gasoil
- Fuel Oil
- Refinery infrastructure and investments
- Refinery supply
- Non-refinery supply
Tables and charts
This report includes the following images and tables:
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Refinery throughputsandutilisationHistorical net product tradeProduct balances – all supply versus demand
What's included
This report contains:
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