Singapore’s clean oil product imports reach nine-month high

Oil

Singapore’s clean oil product imports increased by 336K b/d m-o-m and 103K b/d y-o-y to 927K b/d in November, the highest level since February, according to Enterprise Singapore data. Arrivals from northeast Asia rose by 197K b/d m-o-m to a seven-month high of 407K b/d, with shipments from the Middle East Gulf also increasing by 114K b/d to 305K b/d.

Crude imports declined by 71K b/d m-o-m to 736K b/d, the lowest level in nine-months, however this remains up by 169K b/d y-o-y. Arrivals from the Middle East Gulf fell by 66K b/d m-o-m to 450K b/d, whereas imports from North America rose by 67K b/d m-o-m to 131K b/d.