Singapore’s Fuel Stockpiles Rise 1.3% From Last Week

Singapore’s total oil-product inventories rose 1.3 percent.

Inventories in Asia’s biggest oil-trading center rose 508 thousand barrels to 38,443 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.

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

Apr.25 Apr.18 Apr.11 Apr.4 Mar.28 Mar.21

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

----------------- Thousand barrels ------------------ Total 38,443 37,935 42,460 42,827 42,777 43,405 Light distillates 10,384 10,724 10,786 10,781 10,100 10,101 Middle distillates 8,828 10,817 10,996 9,959 9,238 11,248 Residues 19,231 16,394 20,678 22,087 23,439 22,056 --------------------------------------------------------------------------

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

Apr.25 Apr.18 Apr.11 Apr.4 Mar.28 Mar.21

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

----------- Weekly change (’000 barrels) ------------ Total 508 -4,525 -367 50 -628 1,064 Light distillates -340 -62 5 681 -1 -22 Middle distillates -1,989 -179 1,037 721 -2,010 943 Residues 2,837 -4,284 -1,409 -1,352 1,383 143

-------------- Weekly change (Percent) -------------- Total 1.3% -10.7% -0.9% 0.1% -1.4% 2.5% Light distillates -3.2% -0.6% 0.0% 6.7% 0.0% -0.2% Middle distillates -18.4% -1.6% 10.4% 7.8% -17.9% 9.2% Residues 17.3% -20.7% -6.4% -5.8% 6.3% 0.7% ========================================================================== 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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