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Singapore’s fuel oil inventories dip 2% amid lower net imports

Singapore’s residual fuel oil stocks have averaged 2% lower so far in August than across July, Enterprise Singapore’s latest data shows. Changes in monthly average Singapore stocks from July to August (so far): Residual fuel oil stocks down 350,000 bbls to 18.62 million bbls Middle distillate stocks down 400,000 bbls to 9.61 million bbls Singapore’s ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

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More in Finance & Markets

Steel Hits 2-½-Month Highs

Steel rebar futures jumped above CNY 3,140 per ton, reaching their highest levels since mid-June as investors anticipated a recovery in demand due to seasonal factors ahead of the September peak…

LNG Shipping Remained Under Pressure Last Week

LNG The LNG market remained under pressure this week, with Atlantic rates facing pressure as vessel availability continues to grow against limited cargo opportunities.

  • Atlantic LNG rates faced challenges as vessel availability grew
  • BLNG1 Australia–Japan route rates decreased by $12,800 week-on-week
  • LPG market was quieter than usual with limited activity reported

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