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Singapore turns net importer of jet fuel, while diesel net exports slip

Singapore turned a net importer of jet fuel for the week ended October 22, while diesel net exports fell by 13% week on week, official government data showed on Thursday.

Jet fuel imports from China were most prevalent for the week, being the key contributor for the city-state turning a net importer.

Total exports of the aviation fuel dipped by 67% week on week, with volumes mostly heading to Indonesia and Australia in the week.

Meanwhile, for diesel and gasoil, net exports slipped by 13% week on week though total imports declined at a faster pace.

Imports for the week were mainly from regional exporters such as Malaysia and Thailand.

Exports were bound for Indonesia, Malaysia and Myanmar.

Volumes to the Netherlands were likely biofuels, Kpler shiptracking data showed.
Source: Reuters (Reporting by Trixie Yap; Editing by X; Editing by Sahal Muhammed)



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