Sept. 29 (Bloomberg) -- Light-distillate inventories in Singapore, Asia’s largest oil-trading and storage center, climbed 4.3 percent to the highest in five weeks, according to a unit of the Ministry of Trade and Industry.
Onshore supplies, including naphtha, gasoline and reformate, rose 394,000 barrels in the week to yesterday to 9.5 million barrels, International Enterprise Singapore said today in an e-mailed statement. That’s the highest since the seven days ended Aug. 24.
Stockpiles of middle distillates including gasoil, or diesel, and kerosene increased 560,000 barrels, or 4.1 percent, to 14.1 million. That’s a six-week high, based on the ministry’s data.
Residual-fuel inventories, including fuel oil and low- sulfur waxy residue and excluding bitumen, climbed 4.8 percent to 19.8 million barrels, a two-week high.
The trade ministry surveys refiners, traders and storage terminals on a voluntary basis. The results may exclude offshore storage capacity, International Enterprise said.
--Editors: Paul Gordon, Ryan Woo
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