Singapore’s Fuel Stockpiles Rise 4% From Last Week

Singapore’s total oil-product inventories rose 4 percent.

Inventories in Asia’s biggest oil-trading center rose 1,536 thousand barrels to 40,089 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.

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

May.9 May.2 Apr.25 Apr.18 Apr.11 Apr.4

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

----------------- Thousand barrels ------------------ Total 40,089 38,553 38,443 37,935 42,460 42,827 Light distillates 10,208 10,396 10,384 10,724 10,786 10,781 Middle distillates 10,010 8,928 8,828 10,817 10,996 9,959 Residues 19,871 19,229 19,231 16,394 20,678 22,087 --------------------------------------------------------------------------

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

May.9 May.2 Apr.25 Apr.18 Apr.11 Apr.4

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

----------- Weekly change (’000 barrels) ------------ Total 1,536 110 508 -4,525 -367 50 Light distillates -188 12 -340 -62 5 681 Middle distillates 1,082 100 -1,989 -179 1,037 721 Residues 642 -2 2,837 -4,284 -1,409 -1,352

-------------- Weekly change (Percent) -------------- Total 4.0% 0.3% 1.3% -10.7% -0.9% 0.1% Light distillates -1.8% 0.1% -3.2% -0.6% 0.0% 6.7% Middle distillates 12.1% 1.1% -18.4% -1.6% 10.4% 7.8% Residues 3.3% 0.0% 17.3% -20.7% -6.4% -5.8% ========================================================================== 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

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.