By Jeslyn Lerh
       SINGAPORE, Jan 25 (Reuters) - Singapore onshore
inventories of residual fuel oil slipped for a second straight
week on lower imports, while more demand for marine bunkers also
led to a drawdown, data showed on Thursday. 
    Fuel oil stockpiles  fell 6.6% to 21.01 million
barrels (3.31 million metric tons) in the week to Jan. 24,
hitting five-week lows, Enterprise Singapore data showed.

    Net imports, which are calculated by subtracting total
exports from total imports, were at 215,000 tons, compared with
more than 1 million tons in the previous week. 
    The decline in inventories came as refuelling demand at key
bunker hub Singapore strengthened after Red Sea ship diversions,
with shippers and trading firms facing longer waits and higher
prices for low-sulphur fuel deliveries. 
    On the export front, most outflows from Singapore headed for
China and Australia, while the bulk of Singapore's fuel oil
inflows came from Brazil and Iraq.
    However, the East of Suez region remains well-supplied amid
heavy arbitrage and steady regional arrivals this month. Total
January arrivals breached 6 million tons, based on assessments
by LSEG Oil Research this week. 
    The weekly Singapore stockpile levels also remained higher
versus 2023's average of 20.34 million barrels a week, Reuters
calculations based on Enterprise Singapore data showed. 
    
 Jan 17, Fuel oil (in    Total        Total       Net
 metric tons)            Imports      Exports     Imports 
 ALGERIA                      10,504           0      10,504
 AUSTRALIA                    58,006      18,840      39,166
 BELGIUM                      24,934           0      24,934
 CAMBODIA                          0           1          -1
 CANADA                       35,232           0      35,232
 CHINA                       102,170      67,101      35,069
 CONGO                        24,012           0      24,012
 CONGO, DEM REP OF            22,286           0      22,286
 GERMANY                      21,970           0      21,970
 HONG KONG                         0      79,391     -79,391
 INDIA                        41,956          93      41,863
 INDONESIA                    61,187       6,702      54,485
 IRELAND                      33,650           0      33,650
 JAPAN                        87,446           0      87,446
 KAZAKHSTAN                   48,649           0      48,649
 KOREA, REP OF                21,952           0      21,952
 MALAYSIA                    618,606      57,888     560,718
 NETHERLANDS                  47,934           0      47,934
 PHILIPPINES                       0      56,882     -56,882
 RUSSIA                      181,147           0     181,147
 SRI LANKA                         0       7,642      -7,642
 TAIWAN                       46,994           0      46,994
 UNITED STATES                55,799           0      55,799
 VIETNAM                           0         200        -200
 TOTAL                     1,544,434     294,741   1,249,693
 (Data from Enterprise Singapore)
    

 (Reporting by Jeslyn Lerh; Editing by Subhranshu Sahu)