Thu 6 Oct 2011, 14:41 GMT

Fuel oil stocks drop to eight-month low


Stocks of fuel oil plummet 14 percent in Singapore.



Singapore's onshore stocks of residues fell 14 percent during the seven days up to Wednesday 5th October, 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 2.75 million barrels from the previous week to 17.02 million barrels. It is the lowest inventory level since the seven days ended February 16th.

Please find below a table of Singapore's onshore stocks of residues up to Wednesday 5th October.

The volume data provided below is in millions of barrels. Inventory levels are collated on a weekly basis for each 7-day period ending on a Wednesday.

Date Volume+/-
05/10/2011 17.020-2.750
28/09/2011 19.770+0.910
21/09/2011 18.860-2.415
14/09/2011 21.275+0.270
07/09/2011 21.005-0.535
31/08/2011 21.540+1.352
24/08/2011 20.188+0.324
17/08/2011 19.864+0.266
10/08/2011 19.598-0.049
03/08/2011 19.647-0.237
27/07/2011 19.884+0.195
20/07/2011 19.689+2.176
13/07/2011 17.513-1.671
06/07/2011 19.184-1.450
29/06/2011 20.634-0.152
22/06/2011 20.786+2.823
15/06/2011 17.963-2.580
08/06/2011 20.543+0.363
01/06/2011 20.180-1.537
25/05/2011 21.717-0.783
18/05/2011 22.5+1.500
11/05/2011 21.0-0.800
04/05/2011 21.8-1.400
27/04/2011 23.2+0.200
20/04/2011 23.0--


Source: International Enterprise (IE) Singapore



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