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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