Singapore’s Light Distillate Stockpiles Rise to Ten-Week High

Singapore’s light-distillate stockpiles rose to the highest in ten weeks, data from the Ministry of Trade and Industry showed.

Onshore inventories of light distillates, a category that includes naphtha, reformate and gasoline, increased 22 percent to 12.14 million barrels in the week to Feb. 8, International Enterprise Singapore, a unit of the ministry, said in an e- mailed statement today. That’s the highest since Nov. 30.

Stockpiles of middle distillates such as gasoil and kerosene rose 8.4 percent to 9.74 million barrels. Residues (SPIVRESD), a category that includes fuel oil and low-sulfur waxy residue and excludes bitumen, fell 1.2 percent to 19.49 million.

The trade ministry unit surveys refiners, oil companies and storage terminals on a voluntary basis. The results may exclude some offshore storage capacity, International Enterprise said.

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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