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Fuel oil stocks climb in Singapore

Inventories of residual fuels rise by almost half a millon barrels during the seven days up to December 4.



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Updated on 05 Dec 2013 14:12 GMT

Singapore's onshore stocks of residual fuels rose for the third time in four weeks during the seven days up to Wednesday, December 4, 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, climbed 480,000 barrels, or 2.4 percent, to 20.8 million barrels.

Inventories of middle distillates, a category which includes products such as gasoil, or diesel, and kerosene, increased by 1.31 million barrels, or 20 percent, to 7.99 million barrels, the data showed. It is the first stock rise in three weeks. Last week's inventory figure was the lowest since August 21.

Light distillate stocks, a category which includes naphtha, gasoline and reformate, plummeted 545,000 barrels, or 5.1 percent, to a six-week low of 10.1 million barrels over the same seven-day period.

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






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