Singapore exposed as Asian refining margins surge past $25.6
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Singapore's refining margins have surged past $25.6 per barrel, driven by global energy price volatility. Bunker fuel prices exceeded $1,280 per tonne in early 2026, impacting domestic costs and shipping. While sectors like aviation and manufacturing face cost pressures, trading and storage firms benefit from increased transaction volumes. Singapore, which imports over 95% of its energy, is expected to grow 2% to 4% in 2026, supported by diversified energy sources and expanded infrastructure, positioning it as a stable investment hub despite price fluctuations.
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