Enterprise Singapore's weekly inventory report showed that total onshore inventories in the country inched down by 195K bbl to 49.219MM bbl over the week ending Feb. 26, as can be seen in the following chart. Middle-distillate inventories posted the smaller draw of 280K bbl on the week and they shrank by 832K bbl on the year. Light-distillate stocks (mostly comprised of gasoline and gasoline-blending components) declined by 655K bbl on the week and by 4.043MM bbl on the year to a seven-week low.
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