Singapore light distillates stocks fall to eleven-month low

Oil

Singapore onshore light distillates stocks declined by 220K bbls w-o-w to 11.63M bbls during the week ending October 6, falling for the third consecutive week to the lowest level since October 2020, according to Reuters citing Enterprise Singapore. Fuel oil inventories jumped by 2.06M bbls w-o-w to 20.79M bbls, building after falling to a two-year low during the previous week, whereas middle distillate stocks fell by 140K bbls w-o-w to a four-week low of 10.38M bbls.