January 31, 2025 09:52 GMT
OIL: Singapore Total Oil Stocks Fall in Week to Jan. 29 Driven by Fuel Oil
OIL
Singapore total oil inventories fell by 2.14mbbl in the week to Jan. 29 to 42.60mbbl to extend a trend since mid December, according to Enterprise data.
- Stocks have pulled back from the multi year high of 54.36mbbl on Dec. 18.
- Fuel oil stocks fell 2.96mbbl w/w to a seven week low of 18.14mbbl.
- Middle distillate stocks increased by 0.08mbbl on the week to 9.165mbbl.
- Light distillates increased by 0.74mbbl w/w to 15.29mbbl.
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