Fuel Incorporation Pte Ltd, a prominent diesel supplier in Singapore, has announced its strategic expansion into the international oil brokerage and bunkering sectors. This move marks a significant milestone for the company, which has been a key player in Singapore’s fuel supply chain. By extending its operations globally, Fuel Incorporation aims to tap into the trillion-dollar global oil market, facilitating large-scale transactions of refined petroleum products, including low sulphur 10ppm gas oil EN590.
The company has developed an international brokerage platform that connects verified buyers and sellers of refined oil products. This platform leverages Fuel Incorporation’s longstanding industry relationships and compliance standards, ensuring secure and efficient transactions. Additionally, the company is enhancing its bunkering services to support marine and offshore fuel needs, thereby broadening its client base across logistics, shipping, and energy-related industries.
A crucial aspect of Fuel Incorporation’s global strategy is its integration of trade finance support. The company maintains robust banking relationships to facilitate Documentary Letters of Credit, ensuring smooth execution of international transactions and reducing counterparty risk. A company spokesperson stated, “Our expansion into international oil brokerage represents a natural evolution of our business. With our operational experience, industry credibility, and banking connectivity, we are well-positioned to support cross-border fuel transactions with speed, transparency, and reliability.”
Fuel Incorporation’s expansion underscores its transition from a domestic diesel supplier to an international energy trading platform, reinforcing Singapore’s role as a strategic hub for global oil and fuel commerce.
