Stocks of fuel oil at Singapore decreased 10% to 3.392 million metric tonnes (mt) in the week ended 3 January, showed data from International Enterprise (IE) Singapore.
The week saw a 149% jump of 382,000 mt in fuel oil net imports into Singapore to a 33-week high of 1.457 million mt, while exports fell to a seven-week low, according to Reuters.
On year, onshore fuel oil stocks were 22% up.
Singapore exported 196,000 mt of fuel oil to China, 50,000 mt to Hong Kong, and 25,000 mt to Bangladesh, according to IE Singapore data.
Imports to Singapore include Venezuela at 303,000 mt, Brazil at 156,000 mt, Iraq at 149,000 mt and Russia at 142,000 mt.
Published: 5 January, 2018
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