Singapore fuel oil inventories at 4-month peak as net imports jump
A jump in net import volumes helped lift Singapore residual fuel oil inventories to their highest in more than four months in the week ended April 14, up 1.4% on-week and notching the third straight weekly gain, official data showed on Thursday. Onshore fuel oil stocks climbed by 337,000 barrels, or about 53,000 tonnes, to 23.958 million barrels, or 3.773 million tonnes, Enterprise Singapore data showed. Compared with last year, Singapore’s residual fuel stocks were 2% lower in the week ended Wednesday. A surge in arbitrage flows into the Singapore ...
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