Singapore Light-Distillate Stockpiles Rise to Four-Week High

Light-distillate supplies in Singapore, Asia’s biggest oil-trading, refining and storage center, rose to the highest in four weeks, according to a unit of the Ministry of Trade and Industry.

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.

To contact the reporter on this story: Winnie Zhu in Singapore at wzhu4@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net