An oil tanker is seen off Jurong Island in Singapore. About 60 clean fuel tankers are currently anchored along the busy strait, with some being used to hoard fuel at sea and others parked as the Covid-19 outbreak affects the oil market. Photo: Reuters

Ships filled with jet fuel to petrol wait in Singapore Strait amid slump in oil demand

  • About 60 tankers are anchored off Singapore, with some being used to store fuel at sea while others are sitting out the Covid-19 pandemic
  • The glut has been compounded by offloading delays, with vessels having to wait about two weeks to discharge cargoes, leaving ships stranded
Topic |   Coronavirus pandemic
An oil tanker is seen off Jurong Island in Singapore. About 60 clean fuel tankers are currently anchored along the busy strait, with some being used to hoard fuel at sea and others parked as the Covid-19 outbreak affects the oil market. Photo: Reuters
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