Singapore Middle-Distillate Supplies Drop Most Since August 2010

Middle-distillate inventories in Singapore, Asia’s largest oil-trading and storage center, fell 18 percent, the most since August 2010, according to a unit of the Ministry of Trade and Industry.

Onshore stockpiles including gasoil, or diesel, and kerosene dropped 1.99 million barrels to 8.83 million in the seven days to yesterday, International Enterprise Singapore said in an e-mailed statement. That’s the biggest percentage decline since the period ended Aug. 18, 2010.

Residual-fuel supplies including fuel oil and low-sulfur waxy residue and excluding bitumen rose 2.84 million barrels, or 17 percent, to 19.2 million, the ministry’s data showed. That’s the largest increase in three months.

Supplies of light distillates including naphtha, gasoline and reformate were down 340,000 barrels, or 3.2 percent, at 10.4 million, a four-week low, according to the data.

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

To contact the reporter on this story: Yee Kai Pin in Singapore at

To contact the editor responsible for this story: Alexander Kwiatkowski at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.