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Singapore’s Fuel Oil Inventories Hit Lowest Since 2018

OIL PRODUCTS

Stockpiles of fuel oil in the Singapore hub fell to 15.8m bbl, the lowest level since Oct. 2018, according to Bloomberg.

  • This is 28% below the seasonal average, Bloomberg calculations showed.
  • Middle distillate inventories were up 8% on the week to 10.9m bbl, while light end stockpiles were down 5% to 14.5m bbl.
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Stockpiles of fuel oil in the Singapore hub fell to 15.8m bbl, the lowest level since Oct. 2018, according to Bloomberg.

  • This is 28% below the seasonal average, Bloomberg calculations showed.
  • Middle distillate inventories were up 8% on the week to 10.9m bbl, while light end stockpiles were down 5% to 14.5m bbl.