In 2023, after two years of growth, there was significant decline in the Singaporean crude oil market, when its value decreased by -13.3% to $26.1B. In general, consumption showed a pronounced contraction. Over the period under review, the market reached the peak level at $34.2B in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

In 2023, the value added by the petroleum manufacturing industry in Singapore was the highest, valuing to 9.48 billion Singapore dollars. Comparatively, from 2015 to 2019, the contribution by petroleum manufacturing industry declined.

In 2023, purchases abroad of crude petroleum oil decreased by -3.7% to 42M tons for the first time since 2019, thus ending a three-year rising trend.

In 2021, approximately 6.42 million tons of oil equivalent of oil were consumed by the industry sector of Singapore, slightly up compared to the previous year. The highest industry-related oil consumption was observed in 2019 in the given period.

Singapore Energy Balance: Secondary: Total Oil Products: Gas or Diesel Oil: Demand data was reported at 0.000 Barrel th in Oct 2024. This stayed constant from the previous number of 0.000 Barrel th for Sep 2024. Singapore Energy Balance: Secondary: Total Oil Products: Gas or Diesel Oil: Demand data is updated monthly, averaging 0.000 Barrel th from Jan 2002 (Median) to Oct 2024, with 274 observations. The data reached an all-time high of 0.000 Barrel th in Oct 2024 and a record low of 0.000 Barrel th in Oct 2024. Singapore Energy Balance: Secondary: Total Oil Products: Gas or Diesel Oil: Demand data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s Singapore – Table SG.JODI.WDB: Energy Balance: Oil. For automotive and other purposes; Demand of Finished Products only. Demand of finished products: Deliveries or sales to the inland market (domestic consumption) plus Refinery Fuel plus International Marine and Aviation Bunkers. Demand for Other oil products includes direct use of Crude oil, NGL, and Other.

Platts Market Data - Oil Fundamentals dataset includes ARA stocks, Baker Hughes, Petroleum Association of Japan data, yields and netbacks.

In 2024, the Singaporean crude palm oil market increased by 4,445% to $8.8M, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, saw a sharp reduction. Over the period under review, the market hit record highs at $532M in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

In 2019, the total volume of gas oil, diesel oil and naphtha imported from Singapore to Hong Kong amounted to around 0.69 gigaliter. Vast majority of energy in Hong Kong was derived from external sources.

The Report Covers Singapore Lubricants Market Companies and is segmented by product type (engine oil, transmission, gear oil, metalworking fluid, hydraulic fluid, grease, and other product types), by end-user industry (power generation, automotive, heavy equipment, metallurgy, and metalworking, and other end-user industries). The market sizes and forecasts for Singapore Lubricants Market are provided in terms of Volume (Million Liters) for all the above segments.

Price for Crude Oil and Processed Petroleum in Singapore - 2022. Find the latest marketing data on the IndexBox platform.

The Singaporean market for crude oil and processed petroleum was finally on the rise to reach $835K in 2023, after two years of decline. In general, consumption showed a abrupt slump. As a result, consumption attained the peak level of $31M. From 2014 to 2023, the growth of the market remained at a lower figure.

In the fiscal year 2024, Singapore was the leading export destination for Australia's crude oil and refinery feedstocks, with an export value of around 3.4 billion Australian dollars. Singapore has surpassed South Korea and China as the leading markets for Australia's crude oil exports.

In 2021, approximately 6.4 million tons of oil equivalent of petroleum products were consumed by the industry sector of Singapore. It was the most consuming sector of petroleum products, followed by the transport sector.

The Southeast Asia Oil and Gas Downstream Market is segmented by Refineries, Petrochemicals Plants, and Geography (Thailand, Singapore, Indonesia, Malaysia, Vietnam, and the Rest of Southeast Asia). The report offers the market size and forecasts in refining capacity (thousand barrels per day) for all the above segments.

The statistic depicts the distribution of the chemical market in Singapore in 2018, sorted by segment. As of this year, the petroleum industry made up to 43 percent of the chemical market in Singapore.

In 2023, the Singaporean tall oil market increased by 8.1% to $74M, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, showed a pronounced shrinkage. Tall oil consumption peaked at $120M in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

The Report Covers Southeast Asia Oil and Gas Upstream Market Companies and is segmented by Location (Onshore and Offshore) and Geography (Thailand, Singapore, Indonesia, Brunei, Malaysia, Vietnam, and the Rest of Southeast Asia)

The Oman Oil and Gas market size was valued at USD 4.36 million in 2025 and is expected to grow at a CAGR of 2.40% during the forecast period 2025-2033. Oman is the largest producer of oil and gas in the Middle East outside the Gulf Cooperation Council (GCC), with significant reserves of both commodities. The country's oil production has been steadily increasing in recent years, reaching a record high of 1.02 million barrels per day in 2022. Oman's natural gas production has also been growing, with the country currently producing around 10 billion cubic meters of gas per year. Key drivers of growth in the Oman Oil and Gas market include rising energy demand, increasing investment in exploration and production, and the development of new oil and gas fields. The government of Oman is also taking steps to diversify the country's economy away from oil and gas, which should create new opportunities for growth in the sector. Restraints on the growth of the Oman Oil and Gas market include the volatility of oil prices, the impact of climate change, and the emergence of renewable energy sources. Recent developments include: April 2023: Masirah Oil, a subsidiary of Singapore-headquartered independent Rex International, announced to explore its flagship asset offshore Oman, with its sights set on a production boost from the block 50 purchases. In addition, a block-wide review of exploration potential would be performed. Based on the results of an exploration review at Block 50, planning for acquiring additional targeted seismic would be implemented., March 2023: The Omani Ministry of Energy & Minerals offered domestic and international investors three oil and gas exploration areas as part of its latest licensing round. The tracts offered blocks 15, 36, and 54, where multiple companies have conducted seismic and drilling activities., January 2023: Shell Integrated Gas Oman BV, a subsidiary of Shell PLC, announced the beginning of gas production from the Mabrouk North Eastfield in Block 10 in Oman. Production from Block 10 is expected to touch 0.5 billion standard cubic feet of gas per day (bscf/d) by mid-2024, with the produced gas supplied to Oman's gas network that feeds local industries.. Key drivers for this market are: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Potential restraints include: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Notable trends are: Upstream Sector to Dominate the Market.

Singapore FTSE: ST: Mkt Cap: Month End: Oil & Gas data was reported at 10,546.890 SGD mn in Mar 2019. This records a decrease from the previous number of 10,556.820 SGD mn for Feb 2019. Singapore FTSE: ST: Mkt Cap: Month End: Oil & Gas data is updated monthly, averaging 16,485.329 SGD mn from Jan 2008 (Median) to Mar 2019, with 135 observations. The data reached an all-time high of 29,587.306 SGD mn in Dec 2013 and a record low of 1,568.196 SGD mn in Oct 2008. Singapore FTSE: ST: Mkt Cap: Month End: Oil & Gas data remains active status in CEIC and is reported by FTSE. The data is categorized under Global Database’s Singapore – Table SG.Z006: FTSE: Straits Times (ST): Market Capitalization.

The revenue of the soybean oil market in Singapore amounted to $X in 2017, approximately equating the previous year. Overall, soybean oil consumption continues to indicate a measured expansion. The growth pace was the most rapid in 2008, with an increase of X% y-o-y. In that year, the soybean oil market reached their peak level of $X.