Forthcoming seasonal maintenance, refinery disruptions and firm export demand supported light products and middle distillates. Tight prompt supply boosted prompt fuel oil premiums to forward values. Singapore’s onshore fuel oil stocks fell to a four-month low of 23.58mn bl following months of limited imports, propelling front-month 380cst fuel oil to its widest premium to month two since early April (see graph). Major exporter Abu Dhabi’s Adnoc has sold only 645,000 bl of September-loading fuel oil, 580,500 bl less compared with August sales.
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