Singapore’s Fuel Stockpiles Rise 0.3% From Last Week

Singapore’s total oil-product inventories rose 0.3 percent.

Inventories in Asia’s biggest oil-trading center rose 129 thousand barrels to 44,591 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.29 Feb.22 Feb.15 Feb.8 Feb.1 Jan.25

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

----------------- Thousand barrels ------------------ Total 44,591 44,462 41,038 41,373 38,664 38,118 Light distillates 11,698 11,254 10,554 12,144 9,960 11,054 Middle distillates 11,094 11,473 10,792 9,743 8,992 8,931 Residues 21,799 21,735 19,692 19,486 19,712 18,133 --------------------------------------------------------------------------

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

Feb.29 Feb.22 Feb.15 Feb.8 Feb.1 Jan.25

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

----------- Weekly change (’000 barrels) ------------ Total 129 3,424 -335 2,709 546 1,808 Light distillates 444 700 -1,590 2,184 -1,094 9 Middle distillates -379 681 1,049 751 61 -1,000 Residues 64 2,043 206 -226 1,579 2,799

-------------- Weekly change (Percent) -------------- Total 0.3% 8.3% -0.8% 7.0% 1.4% 5.0% Light distillates 3.9% 6.6% -13.1% 21.9% -9.9% 0.1% Middle distillates -3.3% 6.3% 10.8% 8.4% 0.7% -10.1% Residues 0.3% 10.4% 1.1% -1.1% 8.7% 18.3% ========================================================================== 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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