Sign up | Log in



Home  >>   Daily News  >>   Singapore  >>Energy  >> Singapore fuel oil trade hits fresh record high volume
NEW UPDATES Asean Affairs 8 June 2015  

Singapore fuel oil trade hits fresh record high volume

THE daily volume of fuel oil traded during the pricing process in Singapore hit a record high on Thursday, traders said.

A total of 726,000 tonnes of fuel oil were traded during Platts’ - a McGraw Hill Financial unit - Market on Close (MOC) pricing process on Thursday, surpassing the previous all-time high of 580,000 tonnes hit on Tuesday, traders said.

An email to Platts seeking a comment on Thursday’s trade remained unanswered. It had earlier confirmed Tuesday’s volume to be a record high.

Of the total traded volume on Thursday, 60,000 tonnes were of the 180-centistoke grade, a less viscous type of fuel oil compared to the more widely traded 380-cst grade.

The remaining trades were all of 380-cst fuel oil, of which 40,000 tonnes will be loaded from Malaysia.

With effect from July 1, Platts will include approved loading ports in Malaysia in its pricing assessments for fuel oil, gasoil, jet fuel and gasoline.

A total of 1.8 million tonnes of 180-cst and 380-cst fuel oil have been traded to date in June.

The flurry of activity was not unexpected, given the build-up in open interest in June-related fuel oil swaps.

Traders are also expecting fuel oil trades to easily top three million tonnes this month.

A record of 3.175 million tonnes of 380-cst fuel oil was traded in October 2013.

As activity continued to pick up over MOC, Singapore’s fuel oil stocks surged to their highest level last week on weaker exports, in a sign that regional demand may be offset by growth in supplies.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           June 8 , 2015 Subsribe Now !
• Eurasian trade will open new page Subcribe: Asean Affairs Global Magazine
• Iran seeks to invest in RI’s infrastructure
• Iran seeks to invest in RI’s infrastructure
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Singapore fuel oil trade hits fresh record high volume
• PHL May inflation dips to 1.6%, its lowest since 1995
Asean Analysis                   May  29, 2015
• Asean Analysis May  29, 2015
Enhanced Defense Cooperation Agreement: Manila’s Most Credible Deterrent to China
Advertise Your Brand

Asean Stock Watch  June 5,   2015
• Asean Stock Watch-June  5, 2015
The Biweekly Update
• The Biweekly Update May 29, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand