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Singapore Distillate Stocks Down 3.4%

OIL PRODUCTS

Singapore’s middle distillate stocks fell 3.4% on the week to hit a five-month low, according to official data.

  • Total stocks are now 7.1m bbl, around 30% below the seasonal average for the past five-years, Bloomberg said.
  • Net exports of jet fuel were up 71% on the week, while diesel exports rose by 17%
  • Singapore’s light distillate inventories fell 5.5% to a four-week low of 12.3m bbl.

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