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Fuel oil stocks decline in Singapore

Inventories of fuel oil fall for the third time in four weeks, data shows.



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Updated on 10 Oct 2013 12:01 GMT

Singapore's onshore stocks of residues fell for the third time in four weeks during the seven days up to Wednesday, October 10, according to data released by International Enterprise (IE) Singapore - an agency operating under the Ministry of Trade and Industry.

Stockpiles of residues, a category which includes fuel oil and low-sulphur waxy residue and excludes bitumen, decreased by 128,000 barrels, or 0.6 percent, to 21.8 million barrels.

Inventories of middle distillates, a category which includes products such as gasoil, or diesel, and kerosene, declined by 1.1 million barrels, or 11 percent to 9.11 million barrels the data showed.

Light distillate stocks, a category which includes naphtha, gasoline and reformate, rose by 907,000 barrels, or 8.7 percent, to 11.3 million barrels over the same seven-day period.

Inventory levels are collated on a weekly basis for each 7-day period ending on a Wednesday.






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