Residual fuel oil stocks in Singapore averaged 7% lower in May than in April, data from Enterprise Singapore shows.
Changes in monthly average Singapore stocks from April to May:
- Residual fuel oil stocks down 1.54 million bbls to 20.30 million bbls
- Middle distillate stocks down 1.04 million bbls to 9.15 million bbls
Singapore’s fuel oil inventories fell below 21 million bbls in May, despite a slight increase of 2% in the port’s net fuel oil imports. Fuel oil imports declined by 344,000 bbls during the month, while exports recorded a steeper drop of 401,000 bbls.
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