May 16, 2024 09:37 GMT
Singapore’s Middle Distillate Stocks Hit Two-Month Low
OIL PRODUCTS
Inventories of middle-distillates in Singapore - the Asian distribution hub - have fallen to their lowest level since early March, according to Bloomberg, citing official data.
- Stocks of middle distillates - including gasoil, diesel, and jet fuel – stood at 10.1m bbl as of May 15.
- Stocks are now 3% below the five-year seasonal average, Bloomberg calculations showed.
- Residual fuel inventories are down 7.9% on the week to 19.1m bbl.
- Light distillate inventories are up 1% on the week to 15.3m bbl.
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