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OIL: Singapore Oil Inventories Rise Again to Highest Since September

OIL
SingaporeEnergy BulletsBulletAPACCommodities

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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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.