Singapore’s stockpiles of middle distillates fell the most in four months, according to data from the Ministry of Trade and Industry.
Onshore inventories of middle distillates such as kerosene and gasoil fell 18 percent to 9.24 million barrels in the week ended March 28, International Enterprise Singapore, a unit of the ministry, said in an e-mailed statement today. The decline is the biggest since Nov. 9.
Fuel oil and low-sulfur waxy residues rose 6.3 percent to 23.4 million. Light distillates such as gasoline, reformate and naphtha, were little changed at 10.1 million.
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.
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