ResearchIndustry Insight2026-10-30
SGP transit weakening, THA now regional crude procurement hub
SEA crude imports total 2,131 kb/d: THA accounts for 44% (946 kb/d), vs SGP 715, IDN 368, MYS 329; THA refinery input 1,039 kb/d — 93 kb/d above import, signaling inventory drawdown + re-export readiness.
