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Singapore residual fuel oil inventories rose 0.5% in the week ended Oct. 27, marking four consecutive weeks of stock build-up, as weekly net import volumes dropped but were near the 2021 weekly average, official data showed on Thursday.
By comparison, Singapore fuel oil net imports averaged 677,000 tonnes per week so far in 2021. The largest net imports were from Malaysia at 542,000 tonnes, an 11-month high, followed by the United Arab Emirates (UAE) at 65,000 tonnes, the United States at 59,000 tonnes and Brazil at 56,000 tonnes. The top net export destinations ...
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. ...
Singapore residual fuel oil inventories fell 2% in the week ended Aug. 18 to an over five-month low amid limited net imports, official data showed on Thursday. Onshore fuel oil stocks fell by 494,000 barrels, or about 78,000 tonnes, to 22.07 million barrels, or 3.48 million tonnes, their lowest since the week to March 3, ...
By Matt Egan, CNN Business American drivers need OPEC and Russia to come to the rescue. Gasoline prices, averaging $3.12 a gallon in the United States according to AAA, are at seven-year highs just as millions of people hit the road for the July 4th holiday weekend. Some gas stations are even running out of gas due to a shortage of truck drivers. Demand for energy is so strong as the world economy reopens that prices will likely go even higher unless Saudi Arabia-led OPEC and its allies start pumping a lot more oil soon. The oil producers, known collectively as OPEC+, could announce plans to ...