Singapore is a major refining center in Asia and main spot market trading hub for the region.

Singapore has several large, complex refineries that give it capacity well beyond the needs for the small local market. This capacity acts as swing capacity for the rest of Asia.

The spot market in Singapore is deep and active due to the high volume of refined products exported and the number of players producing and buying refined product cargoes.

McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. By using this Site or clicking on "OK", you consent to the use of cookies.