SINGAPORE: Singapore fuel oil inventories jumped 13 percent to a four-week high in the week ended Nov. 21, despite an 18 percent drop in net imports to a two-week low, official data released on Thursday showed.
- The higher inventory levels were in line with market expectations of increased arbitrage flows into Singapore in November, compared with the previous month, with more volumes due for
arrival in the second half of the month, trade sources said.
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