Singapore is Asia’s largest trading hub for fuel oil due to
its advantageous geographical location, conducive port
conditions, huge market demand, long-term commitment
to its oil market, and the sophisticated and flexible
financial framework. In fact, Singapore has attracted
almost all multinational oil companies and global trading
companies to its local fuel oil market. Moreover, fuel oil
components produced in other parts of the world also
converge in Singapore, where they are blended and then
sold as refined oils.
Singapore is now the largest fuel oil blending center and
crude oil trading hub in the Asia-Pacific region. Fuel oil
is also one of the most active Platts-tracked oil products
and one of the products with the largest trading volume in
paper trading in Singapore.
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