Singapore fuel oil stockpiles down for three straight weeks

Onshore fuel oil stockpiles at key trading hub Singapore edged lower for three consecutive weeks, despite an uptick in net imports, data showed. Residual fuel inventories were at 19.39 million barrels (about 3.05 million metric tons) in the week to May 14, hitting two-month lows, Enterprise Singapore data showed. Some improvement in Singapore bunker demand …

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