Free Trial

Singapore Onshore Fuel Oil Stocks Slip to Two-Week Low

OIL PRODUCTS

Singapore’s onshore fuel oil stocks fell to a two-week low for the week ended May 15 as net imports slowed according to Enterprise data.

  • Fuel oil inventories fell 7.89% w/w to 19.115 million barrels (3.01 million metric tons).
  • Total imports slipped 58% due to a lack of Russian cargoes. Net imports dropped by 591,431 tons, or 66% w/w.

To read the full story

Close

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.