Singapore fuel oil stocks held steady in August
Singapore’s residual fuel oil stocks in August remained broadly unchanged from July, according to data from Enterprise Singapore. Changes in monthly average Singapore stocks from July to August: • Residual fuel oil stocks up 10,000 bbls to 18.99 million bbls • Middle distillate stocks down 470,000 bbls to 8.19 million bbls Singapore’s fuel oil inventories ...
According to Enterprise Singapore's data, Singapore's residual fuel oil stocks remained stable in August, with a slight increase of 10,000 barrels to 18.99 million barrels. However, middle distillate stocks saw a decline of 470,000 barrels to 8.19 million barrels, averaging 5% below the previous month's level. The report also highlights tight bunker supply conditions in Singapore, with lead times for various fuel types ranging from 8-16 days, indicating a shortage of supplies and blending components.
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