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Singapore fuel oil stocks jump, imports from Iraq hit record high


Singapore's net exports of fuel oil to China topped the week ended Nov. 21 at 297,000 tonnes, an 11-month high, followed by Hong Kong at 264,000 tonnes, Malaysia at 106,000 tonnes and Qatar at 41,000 tonnes.

Singapore's net exports of fuel oil to China topped the week ended Nov. 21 at 297,000 tonnes, an 11-month high, followed by Hong Kong at 264,000 tonnes, Malaysia at 106,000 tonnes and Qatar at 41,000 tonnes.

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.

Oil & Gas , Corporate News

   

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