Singapore fuel oil stockpiles hit 16-week high as imports jump

Singapore’s onshore fuel oil stockpiles reached their highest in 16 weeks after imports soared, data showed on Thursday. Residual fuel inventories (STKRS-SIN) were at 22.02 million barrels (about 3.47 million metric tons) in the week to April 9, up 4.5% from the previous week and hovering above typical averages, based on Enterprise Singapore data. The …

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