Onshore supplies including naphtha, gasoline and reformate climbed 1.24 million barrels to 11.5 million in the seven days to yesterday, International Enterprise Singapore said today in an e-mailed statement. That’s the highest since Feb. 29.
Stockpiles of residual fuels including fuel oil and low- sulfur waxy residue and excluding bitumen fell 1.04 million barrels, or 5.5 percent, to 17.8 million, the ministry’s data showed. Supplies declined for a fifth week, the longest losing streak since April 2009.
Middle-distillate supplies including gasoil, or diesel, and kerosene rose 778,000 barrels, or 7.6 percent, to 11 million, according to the data. That’s the biggest gain in five weeks.
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 firstname.lastname@example.org
To contact the editor responsible for this story: Alexander Kwiatkowski at email@example.com