Singapore’s Fuel Stockpiles Rise 2.5% From Last Week

Singapore’s total oil-product inventories rose 2.5 percent.

Inventories in Asia’s biggest oil-trading center rose 1,064 thousand barrels to 43,405 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.

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

Mar.21 Mar.14 Mar.7 Feb.29 Feb.22 Feb.15

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

----------------- Thousand barrels ------------------ Total 43,405 42,341 43,789 44,591 44,462 41,038 Light distillates 10,101 10,123 11,079 11,698 11,254 10,554 Middle distillates 11,248 10,305 11,297 11,094 11,473 10,792 Residues 22,056 21,913 21,413 21,799 21,735 19,692 --------------------------------------------------------------------------

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

Mar.21 Mar.14 Mar.7 Feb.29 Feb.22 Feb.15

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

----------- Weekly change (’000 barrels) ------------ Total 1,064 -1,448 -802 129 3,424 -335 Light distillates -22 -956 -619 444 700 -1,590 Middle distillates 943 -992 203 -379 681 1,049 Residues 143 500 -386 64 2,043 206

-------------- Weekly change (Percent) -------------- Total 2.5% -3.3% -1.8% 0.3% 8.3% -0.8% Light distillates -0.2% -8.6% -5.3% 3.9% 6.6% -13.1% Middle distillates 9.2% -8.8% 1.8% -3.3% 6.3% 10.8% Residues 0.7% 2.3% -1.8% 0.3% 10.4% 1.1% ========================================================================== 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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