Singaporean product stocks fall on plant outage; Japanese supplies also drop.

摘要

International Enterprise's weekly inventory report for Singapore showed that total onshore inventories dropped 3.288MM bbl to 40.069MM bbl in the week to Oct. 5. Fuel oil supplies plummeted by 13.8% due to thin Western arbitrage arrivals; although, stocks likely will rebound later in Oct. as Western arrivals climb. Middle distillate stocks also fell, hitting a six-week low amid an ongoing outage at Royal Dutch Shell's 462K-b/d Pulau Bukom refinery in Singapore. The plant was knocked offline after a fire struck on Sept. 28. On the other hand, supplies of light distillates rose for the third week in a row, settling at a 10-week high, due largely to climbing stocks of naphtha reformate.