Singapore fuel oil stocks inch up 3% coming into November

Singapore’s residual fuel oil stocks have averaged 3% higher so far in November than across October, Enterprise Singapore’s latest data shows.

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

• Residual fuel oil stocks up 580,000 bbls to 19.14 million bbls • Middle distillate stocks down 1.11 million bbls to 8.03 million bbls

Singapore’s fuel oil stocks have risen above 19 million bbls, amid a 14% increase in net fuel oil imports so far in November. Both imports and exports have risen, with imports increasing by 578,000 bbls and exports by a modest 31,000 bbls.

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