Singapore Light-Distillate Stockpiles Rise to Four-Week High
Inventories of naphtha, gasoline and reformate gained by 981,000 barrels, or 11 percent, to 10.3 million in the seven days ended yesterday, International Enterprise Singapore said in an e-mailed statement today. That’s the most since the week ended July 4.
Middle-distillate stockpiles, including gasoil and kerosene, rose 411,000 barrels, or 4.9 percent, to 8.9 million, according to the data.
Residual-fuel stockpiles, including fuel oil and low-sulfur waxy residue and excluding bitumen, increased for a second week, gaining 2.2 million barrels, or 13 percent, to 19.8 million barrels.
The trade ministry surveys refiners, traders and storage terminals on a voluntary basis. The results may exclude offshore storage capacity, International Enterprise said.
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