Singapore fuel oil inventories fall 6% despite higher net imports

Singapore’s residual fuel oil stocks have averaged 6% lower so far in October than across September, Enterprise Singapore’s latest data shows.

Changes in monthly average Singapore stocks from September to October (so far):

Fuel oil imports have increased by 253,000 bbls, while exports have declined by 49,000 bbls.

Meanwhile, Singapore’s middle distillate inventories have increased by 10% so far this month to 9.35 million bbls.

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