OIL PRODUCTS: Singapore Oil Inventories Fall 1mbbl in the week to Sep. 17
Sep-18 08:29
Singapore total oil inventories edged down again in the week to Sep. 17 by 1,003kbbl to 49.495mbbl driven by a drop in fuel oil stocks, according to Enterprise data cited by Bloomberg.
- Total stocks previously trended higher from a low of 42.5mbbl in mid-May to the highest since December at 51.64mbb/ earlier this month.
- Fuel oil stocks fell by 1,118kbbl on the week to 25.41mbbl after reaching a high of 27.4mbbl on Sep. 3.
- Middle distillate stocks fell by 144kbbl on the week to 9.719mbbl.
- Light distillates rose by 259kbbl on the week to 14.366mbbl.
Source: Bloomberg Finance L.P.
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