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Singapore to receive diesel shipments from Saudi Arabia

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  Singapore is a prominent diesel oil importer. Typically Singapore diesel oil imports mostly came from South Korea, China, Taiwan, Russia and Saudi Arabia. Singapore import export data shows that the country's maximum diesel imports volume came from Russia. Last year, Russian diesel oil exports to Singapore crossed over 95K tonnes. Whereas, it came down to 20K tonnes this year. Saudi Arabia was the 6th leading exporter of fuels to Singapore. Saudi Arabia was responsible for over 56% share in Singapore's fuel imports. Whereas, Saudi Arabia's refined petroleum exports to Singapore were estimated to be $1.3 billion during FY 2022.  Saudi Arabia has always been a crucial trade partner of Singapore. The trade forecast shows that Singapore is expected to receive over 400,000 tonnes this year. Singapore import data shows that the country’s imports from Saudi Arabia totaled to be $6.8 billion in this fiscal year. The top imports include crude petroleum, refined petroleum, plasti...