Singapore Middle Distillate Stockpiles Rise from 19-Month Low

Singapore’s stockpiles of middle distillates rose from the lowest level in almost 19 months, according to data from a unit of the Ministry of Trade and Industry.

Onshore inventories of middle distillates, a category that includes gasoil and kerosene, increased by 6.2 percent to 8.3 million barrels in the week ended yesterday, International Enterprise Singapore said today in an e-mailed statement. Supplies were at 7.8 million in the prior period, the lowest level since Dec. 14, 2011.

Stockpiles of residues such as fuel oil and low-sulfur waxy residue fell 0.7 percent to 19.8 million barrels. This category excludes bitumen.

Light distillates including naphtha, reformate and gasoline declined 7.6 percent to 8.5 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, IE Singapore said.

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