Singapore fuel oil stocks sink to 6-month low as weak net imports persist

Singapore residual fuel oil inventories fell 4% in the week ended Aug. 25 to a six-month low amid persistently weak net import volumes, official data showed on Thursday. Onshore fuel oil stocks fell by 889,000 barrels, or about 140,000 tonnes, to 21.18 million barrels, or 3.34 million tonnes, their lowest since the week to Feb. …

The post Singapore fuel oil stocks sink to 6-month low as weak net imports persist first appeared on Hellenic Shipping News Worldwide.

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