Singapore’s Fuel Stockpiles Rise 4.5% From Last Week

Singapore’s total oil-product inventories rose 4.5 percent.

Inventories in Asia’s biggest oil-trading center rose 1,749 thousand barrels to 40,770 thousand barrels in the week ended yesterday, said International Enterprise Singapore, a unit of the trade ministry. The agency didn’t give a reason for the increase.

The following table provides a weekly comparison of the oil inventories for six weeks. Inventory figures are in thousands of barrels.

==========================================================================

Nov.2 Oct.26 Oct.19 Oct.12 Oct.5 Sep.28

2011 2011 2011 2011 2011 2011 ==========================================================================

----------------- Thousand barrels ------------------ Total 40,770 39,021 38,853 37,652 40,069 43,357 Light distillates 11,677 9,945 9,269 9,010 10,317 9,455 Middle distillates 10,577 11,075 12,449 11,798 12,732 14,136 Residues 18,516 18,001 17,135 16,844 17,020 19,766 --------------------------------------------------------------------------

==========================================================================

Nov.2 Oct.26 Oct.19 Oct.12 Oct.5 Sep.28

2011 2011 2011 2011 2011 2011 ==========================================================================

----------- Weekly change (’000 barrels) ------------ Total 1,749 168 1,201 -2,417 -3,288 1,863 Light distillates 1,732 676 259 -1,307 862 394 Middle distillates -498 -1,374 651 -934 -1,404 560 Residues 515 866 291 -176 -2,746 909

-------------- Weekly change (Percent) -------------- Total 4.5% 0.4% 3.2% -6.0% -7.6% 4.5% Light distillates 17.4% 7.3% 2.9% -12.7% 9.1% 4.3% Middle distillates -4.5% -11.0% 5.5% -7.3% -9.9% 4.1% Residues 2.9% 5.1% 1.7% -1.0% -13.9% 4.8% ========================================================================== Note: Light distillates include naphtha, processed from crude oil and turned into chemicals and plastics. It does not include gases. Residues include fuel oil, which is used as ship fuel and burned by power plants to generate electricity. Residues excludes bitumen.

Source: International Enterprise Singapore

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