International Enterprise's weekly inventory report for Singapore showed that total onshore inventories rose 2.236MM bbl to 42.641MM bbl in the week to June 5. Fuel oil stocks jumped 6% to a three-week high as imports arrived, while middle distillates climbed 7% to a five-week peak amid diesel shipments from South Korea and weakening demand elsewhere in the region. Additionally, light distillate inventories increased nearly 4% to their highest in two weeks as shipments arrived from China and consumption fell in Vietaam and Malaysia. (Please see chart in Julj 1 issue.)
展开▼
