Dec. 29 (Bloomberg) -- Singapore’s fuel oil stockpiles shrank to the lowest level in more than two months, data from the Ministry of Trade and Industry showed.
Onshore inventories of residues, a category that includes fuel oil and low-sulfur waxy residue and excludes bitumen, dropped 12 percent to 17 million barrels in the week to Dec. 28, International Enterprise Singapore, a unit of the ministry, said in an e-mailed statement today. Supplies are at the lowest since Oct. 12.
Stockpiles of middle distillates such as gasoil and kerosene, rose 14 percent to 9.3 million barrels. Light distillates, a category that includes naphtha, reformate and gasoline, fell 7.7 percent to 10.1 million barrels.
The trade ministry unit surveys refiners, oil companies and storage terminals on a voluntary basis. The results may exclude some offshore storage capacity, International Enterprise said.
--Editors: Alexander Kwiatkowski, Christian Schmollinger
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