Commodity Market Report

Singapore product markets long-term outlook H1 2019

Get this report

$4,750

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQ's about online orders
- Find out more about subscriptions

24 July 2019

Singapore product markets long-term outlook H1 2019

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

Tables and charts

This report includes 3 images and tables including:

  • Refinery throughputsandutilisation
  • Historical net product trade
  • Product balances – all supply versus demand

What's included

This report contains:

  • Document

    Singapore product markets long-term outlook H1 2019

    PDF 835.45 KB

  • Document

    Singapore product markets long-term outlook H1 2019

    ZIP 1.59 MB

  • Document

    Singapore.xlsx

    XLSX 1.11 MB

Trusted by leading organisations