Bloomberg News

Singapore’s Fuel Stockpiles Rise 0.3% From Last Week

May 03, 2012

Singapore’s total oil-product inventories rose 0.3 percent.

Inventories in Asia’s biggest oil-trading center rose 110 thousand barrels to 38,553 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 increase.

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

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

May.2 Apr.25 Apr.18 Apr.11 Apr.4 Mar.28

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

----------------- Thousand barrels ------------------ Total 38,553 38,443 37,935 42,460 42,827 42,777 Light distillates 10,396 10,384 10,724 10,786 10,781 10,100 Middle distillates 8,928 8,828 10,817 10,996 9,959 9,238 Residues 19,229 19,231 16,394 20,678 22,087 23,439 --------------------------------------------------------------------------

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

May.2 Apr.25 Apr.18 Apr.11 Apr.4 Mar.28

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

----------- Weekly change (’000 barrels) ------------ Total 110 508 -4,525 -367 50 -628 Light distillates 12 -340 -62 5 681 -1 Middle distillates 100 -1,989 -179 1,037 721 -2,010 Residues -2 2,837 -4,284 -1,409 -1,352 1,383

-------------- Weekly change (Percent) -------------- Total 0.3% 1.3% -10.7% -0.9% 0.1% -1.4% Light distillates 0.1% -3.2% -0.6% 0.0% 6.7% 0.0% Middle distillates 1.1% -18.4% -1.6% 10.4% 7.8% -17.9% Residues 0.0% 17.3% -20.7% -6.4% -5.8% 6.3% ========================================================================== 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


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