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High Sulfur Bunker Sales at Post Legislation High in Singapore

OIL PRODUCTS

Singapore bunker fuel sales rose 8.3% month on month to a one-year high of 4.251 million mt in October.

  • October bunker sales were mostly steady year on year and compared with 4.255 million mt in October 2021.
  • Sales of the high sulfur grades climbed 17.6% month on month to 1.311 million mt, the highest monthly volume since the International Maritime Organization's 0.5%S marine fuel mandate became effective January 2020.
  • High sulfur bunker sales accounted for 30.9% of the total sales, the biggest share since the mandate was announced.
  • Sales of IMO-compliant marine fuel rose 4.6% month on month and 4.4% year on year to a five-month high of 2.586 million mt in October.
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