Singapore’s Fuel Stockpiles Rise 7% From Last Week

Singapore’s total oil-product inventories rose 7 percent.

Inventories in Asia’s biggest oil-trading center rose 2,709 thousand barrels to 41,373 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.

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

Feb.8 Feb.1 Jan.25 Jan.18 Jan.11 Jan.4

2012 2012 2012 2012 2012 2012 ==========================================================================

----------------- Thousand barrels ------------------ Total 41,373 38,664 38,118 36,310 37,418 36,948 Light distillates 12,144 9,960 11,054 11,045 10,590 10,720 Middle distillates 9,743 8,992 8,931 9,931 10,518 10,012 Residues 19,486 19,712 18,133 15,334 16,310 16,216 --------------------------------------------------------------------------

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

Feb.8 Feb.1 Jan.25 Jan.18 Jan.11 Jan.4

2012 2012 2012 2012 2012 2012 ==========================================================================

----------- Weekly change (’000 barrels) ------------ Total 2,709 546 1,808 -1,108 470 476 Light distillates 2,184 -1,094 9 455 -130 574 Middle distillates 751 61 -1,000 -587 506 708 Residues -226 1,579 2,799 -976 94 -806

-------------- Weekly change (Percent) -------------- Total 7.0% 1.4% 5.0% -3.0% 1.3% 1.3% Light distillates 21.9% -9.9% 0.1% 4.3% -1.2% 5.7% Middle distillates 8.4% 0.7% -10.1% -5.6% 5.1% 7.6% Residues -1.1% 8.7% 18.3% -6.0% 0.6% -4.7% ========================================================================== 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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