Thu 28 Nov 2013 13:38

Fuel oil stocks up in Singapore


Inventories of residual fuels rise by 0.1 percent during the seven days up to Wednesday, November 27.

Singapore's onshore stocks of residual fuels rose for the second time in three weeks during the seven days up to Wednesday, November 27, 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 29,000 barrels, or 0.1 percent, to 20.3 million barrels.

Inventories of middle distillates, a category which includes products such as gasoil, or diesel, and kerosene, plummeted 1.53 million barrels to 6.68 million barrels, the data showed, having last week recorded the most significant decline since the week ended April 25, 2012. It is the lowest stock level since August 21.

Light distillate stocks, a category which includes naphtha, gasoline and reformate, decreased by 46,000 barrels, or 0.4 percent, to a four-week low of 10.6 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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