where does singapore get its oil from

Singapore does not produce much crude itself, so it imports most of its oil from a mix of regional neighbors and major Middle Eastern exporters, then refines and re‑exports a big share as fuels and petrochemical products.

Main sources of Singapore’s oil

Singapore’s oil supply comes from several key groups of countries rather than one single source.

• Middle East (e.g. Saudi Arabia): Large volumes of crude oil; Saudi crude imports alone were valued at about 3 billion USD in 2023.

• Southeast Asia (e.g. Malaysia, Indonesia): Significant flows of crude and refined petroleum products thanks to proximity and established trading links.

• Northeast Asia (e.g. China, South Korea): Major suppliers of refined petroleum oils and other oil products.

• Other global exporters (e.g. United Arab Emirates, Brazil): Additional crude and product barrels that support Singapore’s role as a regional hub.

In trade statistics for “petroleum oils (excluding crude) and preparations,” top named suppliers to Singapore include Malaysia, China, South Korea, the United Arab Emirates, and Brazil by value and tonnage.

Why Singapore imports from many places

Singapore is a refining and trading hub located between the Indian and Pacific Oceans, so its strategy is to diversify supply and arbitrage global price differences.

• It imports crude from the Middle East and elsewhere, refines it, and then exports gasoline, diesel, jet fuel, and petrochemical feedstocks across Asia.

• It also imports large volumes of already‑refined oil products, which are blended, stored, and re‑exported depending on regional demand.

Because of this hub role, the exact mix of supplying countries shifts year to year with prices and demand, but the pattern of relying on Middle Eastern crude plus Asian and global refined products has remained consistent into the mid‑2020s.

Information gathered from public forums or data available on the internet and portrayed here.