Singapore’s stockpiles of fuel oil fell to the lowest level in four weeks, according to data from a unit of the Ministry of Trade and Industry.
Onshore inventories of residues, a category that includes fuel oil and low-sulfur waxy residue and excludes bitumen, dropped 1.8 percent to 19.24 million barrels in the week ended June 20, International Enterprise Singapore said in an e-mailed statement today. Supplies are at the lowest since the week ended May 23.
Stockpiles of light distillates such as naphtha, reformate and gasoline, fell 2 percent to 11.24 million barrels. Middle distillates, a category that includes gasoil and kerosene, dropped 4.2 percent to 8.94 million barrels.
The trade ministry unit surveys refiners, oil companies and storage terminals on a voluntary basis. The results may exclude some offshore storage capacity, International Enterprise said.