Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Singapore's Nov bunker fuel sales rise 4% to 4.08 mil mt

Commodities | Energy | Coronavirus

COVID 19: Coronavirus Outbreak


Platts Market Data – Oil

Capital Markets | Commodities | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Naphtha | Marine Fuels | Equities | Financial Services | Banking | Non-banks | Private Markets

North American Crude Oil Summit, 3rd annual

Coal | Electric Power | Renewables | Natural Gas | Oil | Metals

FEATURE: East Africa, led by Rwanda, is 'frontier' for technology metals: mine developers

Singapore's Nov bunker fuel sales rise 4% to 4.08 mil mt

Singapore — Singapore's bunker fuel sales in November rose 4% on the year to 4.08 million mt, data from Singapore's Maritime and Port Authority released Friday showed.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Firm demand for the low sulfur bunker grade had boosted overall sales, with more shippers procuring cleaner fuel ahead of IMO 2020, market sources said.

"The market has changed a lot in Q4, we saw a lot of demand being diverted from 380 CST to 0.5% sulfur bunkers," a Singapore bunker supplier said.

November sales climbed 8% from October sales, mainly led by a jump in sales of low sulfur fuel oil and marine gasoil, the MPA data showed.

"Most of our vessels are burning LSFO now... we still take some high sulfur fuel oil, but in smaller stems," a Singapore bunker purchaser said.

LSFO 380 CST sales in November rose 182% on the month to 1.29 million mt, while 380 CST HSFO sales fell 33% to 1.52 million mt, the MPA data showed.

Low sulfur MGO sales rose 27% on the month to 374,400 mt in November, hitting its highest monthly sales this year.

The uptrend in low sulfur bunker demand is expected to peak in December, with less than a few weeks to go before the 0.5% sulfur mandate kicks in.

"The market has climbed so crazily in just a couple of weeks, from a discount [in November] to a premium now [in December]," a Singapore bunker trader said, referring to delivered 0.5% bunker differentials over the Mean of Platts Singapore 10ppm sulfur gasoil assessments.

The spot bunker differential for delivered marine fuel 0.5% at Singapore flipped to a premium over MOPS 10 ppm gasoil for the first time this week, S&P Global Platts data showed.

Meanwhile, the number of arrivals for bunkering at Singapore in November rose 9% on the year to 3,537, the MPA data showed.

-- Jeslyn Lerh,

-- Edited by Norazlina Jumaat,