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Singapore’s Product Trade Data For May

Oil

Singapore’s imports of clean products (including jet fuel, gasoline and diesel) in May dropped by 5K b/d m-o-m and 112K b/d y-o-y to a 5-month low of 674K b/d, data from the country’s International Enterprise shows. Over the first 5 months of 2017, Singapore clean product imports have averaged 731K b/d, down from 797K b/d during the same period in 2016.  In contrast, Singapore clean product exports in May rose by 97K b/d m-o-m and 36K b/d y-o-y to a 3-month high of 1.21M b/d. In the year-to-date, the country’s clean product exports have averaged 1.18M b/d, up by 33K b/d y-o-y.