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Singapore Fuel Oil Stocks at Two-Week Low

OIL PRODUCTS

Singapore fuel oil stocks slipped to a two-week low on lower imports according to Enterprise Singapore data Thursday.

  • Fuel oil inventories were down 2.75% at 21.403 mn bbls (3.37 million metric tons) in the week ended March 27.
  • Imports totalled about 954,782 tons - down 24% w/w.
  • Exports totalled about 13,678 tons - down 97% w/w.
  • Weekly onshore fuel oil inventories averaged 20.97 million barrels in March so far, down from 21.44 million barrels in February.

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