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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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OIL: Singapore Oil Inventories Rise Again to Highest Since September
Singapore total oil inventories rose for a sixth straight week by 1.62mbbl in the week to Dec. 11 to 44.68mbbl, according to Enterprise data.
- Fuel oil stocks fell for a second week by 0.867mbbl w/w to 17.921mbbl as inventories clear before the year end, Reuters sources said. Net imports remain strong, rising by 2.4% to more than 900k tons as inventories remained higher than November's average of 18.15mbbl per week.
- Singapore’s middle distillate stocks rose by 1.13mbbl on the week to 11.370mbbl to the highest since early September.
- Light distillates increased by 1.36mbbl w/w to 15.392mbbl to also reach the higher since September.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.