Country page
Singapore’s refining and trading role creates market-sensitive exposure even when direct end-use vulnerability is lower than regional peers.
Hormuz exposure
49%
Oil stock cover
42 days
Fertilizer
28/100
Helium
41/100
Country narrative
Margins can benefit from volatility, but throughput timing risk rises.
Exposure is more commercial than household or agricultural.
Direct oil dependence sits at 52% of the country’s external energy risk profile, while gas-linked downstream exposure remains notable at 19%.
Oil dependence
52%
Gas dependence
19%
Risk score
54 / 100
Reserve stress
Related commodities
Oil
Stress score
76 / 100
Route dependence
84%
7d move
+6.8%
Crude remains the most immediate transmission channel, with freight, insurance, and strategic stock policy all shaping spot balances.
Gas
Stress score
74 / 100
Route dependence
61%
7d move
+5.4%
Asian LNG replacement prices are rising as buyers scenario-plan longer Gulf loading and transit assumptions.
Industrial Gas
Stress score
61 / 100
Route dependence
41%
7d move
+3.1%
Helium is a narrower market, but even modest logistics friction can affect hospitals, fabs, aerospace supply chains, and research labs.
Live snippets
17:24 HKT · Freight
Brokers are quoting wider ranges for April fixtures as owners price in scheduling slack and higher perceived transit risk.
16:58 HKT · Reserves
Current official posture remains preparatory, but contingency coordination has become more active across Asia.
16:11 HKT · Nitrogen
Tender timing is turning from opportunistic to defensive in South Asia, with price secondary to volume certainty.
15:36 HKT · LNG
The move reflects longer expected Gulf turnaround assumptions rather than confirmed physical outages.