Singapore’s Fuel Stockpiles Fall 10.7% From Last Week

Singapore’s total oil-product inventories fell 10.7 percent.

Inventories in Asia’s biggest oil-trading center fell 4,525 thousand barrels to 37,935 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 decline.

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

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

Apr.18 Apr.11 Apr.4 Mar.28 Mar.21 Mar.14

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

----------------- Thousand barrels ------------------ Total 37,935 42,460 42,827 42,777 43,405 42,341 Light distillates 10,724 10,786 10,781 10,100 10,101 10,123 Middle distillates 10,817 10,996 9,959 9,238 11,248 10,305 Residues 16,394 20,678 22,087 23,439 22,056 21,913 --------------------------------------------------------------------------

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

Apr.18 Apr.11 Apr.4 Mar.28 Mar.21 Mar.14

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

----------- Weekly change (’000 barrels) ------------ Total -4,525 -367 50 -628 1,064 -1,448 Light distillates -62 5 681 -1 -22 -956 Middle distillates -179 1,037 721 -2,010 943 -992 Residues -4,284 -1,409 -1,352 1,383 143 500

-------------- Weekly change (Percent) -------------- Total -10.7% -0.9% 0.1% -1.4% 2.5% -3.3% Light distillates -0.6% 0.0% 6.7% 0.0% -0.2% -8.6% Middle distillates -1.6% 10.4% 7.8% -17.9% 9.2% -8.8% Residues -20.7% -6.4% -5.8% 6.3% 0.7% 2.3% ========================================================================== 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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