Energy and commodity podcasts
The Crude Report: APAC series: Singapore slate change
Singapore slate change leaves WTI available for other markets
In this episode, Adam McCarthy and Fabian Ng dive into a major feedstock shift at ExxonMobil’s Jurong refinery in Singapore. The facility has stopped importing US WTI crude and is now running on heavier, sour grades from the Middle East. The discussion explores the reasons behind this strategic move, its impact on regional crude flows, and what it means for WTI demand across Asia.
Listen to the podcast now
Topics Discussed:
- ExxonMobil’s Singapore Resid Upgrade Project and its role in the crude slate shift.
- Jurong refinery’s transition from WTI to Middle East sour grades like Murban, Al-Shaheen, and Basrah Medium.
- Implications for Middle East producers and regional sour crude pricing.
- WTI displacement and emerging demand from Japan, South Korea, India, and Indonesia.
- Outlook for crude sourcing flexibility post-upgrade and broader market ripple effects.
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