---

Singapore's onshore stocks of residues, rose by 2.8 percent in the seven days up to Wednesday 26th January to its highest level in three weeks, according to recent data.

Stockpiles of residues, which includes fuel oil and low-sulphur waxy residue and excludes bitumen, increased to 19.1 million barrels in a comparison with the previous week, International Enterprise (IE) Singapore - an agency under the Ministry of Trade and Industry - said.

Inventories of middle distillates such as kerosene and gasoil fell by 4.6 percent to 12.3 million barrels. Light distillates, a category which includes naphtha, gasoline and reformate declined by 6.1 percent to 9.9 million barrels, the lowest level in three weeks.

Refiners, oil companies and storage terminals are surveyed by the trade ministry on a voluntary basis. The results may exclude some offshore storage capacity, International Enterprise said.