Singapore fuel oil stocks rise to near one-month high

AI Summary

Fuel oil stocks in Singapore have increased for the third consecutive week, nearing a one-month high. Residual fuel inventories rose 7.1% to 21.50 million barrels in the week ending May 20, with imports increasing by 4.5%.

Onshore fuel oil inventories in Singapore increased for a third straight week, climbing to levels close to a one-month high, official data showed. Residual fuel stockpiles grew 7.1% to 21.50 million barrels, or about 3.39 million metric tons, in the week ending May 20, according to Enterprise Singapore. Imports increased 4.5% from the previous week ...