Bloomberg News

Singapore’s Fuel Stockpiles Fall 1.4% From Last Week

March 29, 2012

Singapore’s total oil-product inventories fell 1.4 percent.

Inventories in Asia’s biggest oil-trading center fell 628 thousand barrels to 42,777 thousand barrels in the week ended yesterday, said International Enterprise Singapore, a unit of the trade ministry. The agency didn’t give a reason for the decline.

The following table provides a weekly comparison of the oil inventories for six weeks. Inventory figures are in thousands of barrels.

==========================================================================

Mar.28 Mar.21 Mar.14 Mar.7 Feb.29 Feb.22

2012 2012 2012 2012 2012 2012 ==========================================================================

----------------- Thousand barrels ------------------ Total 42,777 43,405 42,341 43,789 44,591 44,462 Light distillates 10,100 10,101 10,123 11,079 11,698 11,254 Middle distillates 9,238 11,248 10,305 11,297 11,094 11,473 Residues 23,439 22,056 21,913 21,413 21,799 21,735 --------------------------------------------------------------------------

==========================================================================

Mar.28 Mar.21 Mar.14 Mar.7 Feb.29 Feb.22

2012 2012 2012 2012 2012 2012 ==========================================================================

----------- Weekly change (’000 barrels) ------------ Total -628 1,064 -1,448 -802 129 3,424 Light distillates -1 -22 -956 -619 444 700 Middle distillates -2,010 943 -992 203 -379 681 Residues 1,383 143 500 -386 64 2,043

-------------- Weekly change (Percent) -------------- Total -1.4% 2.5% -3.3% -1.8% 0.3% 8.3% Light distillates 0.0% -0.2% -8.6% -5.3% 3.9% 6.6% Middle distillates -17.9% 9.2% -8.8% 1.8% -3.3% 6.3% Residues 6.3% 0.7% 2.3% -1.8% 0.3% 10.4% ========================================================================== Note: Light distillates include naphtha, processed from crude oil and turned into chemicals and plastics. It does not include gases. Residues include fuel oil, which is used as ship fuel and burned by power plants to generate electricity. Residues excludes bitumen.

Source: International Enterprise Singapore

--Dennis Ting in Singapore, Bloomberg Data at (65) 6212-1125, or dting@bloomberg.net


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