Singapore fuel oil stocks fall to two-year low

Oil

Singapore onshore fuel oil stocks declined by 2.73M bbls w-o-w to 18.73M bbls during the week ending September 29, falling to the lowest level since September 2019, according to Reuters citing Enterprise Singapore. Light distillate inventories fell by 1.21M bbls w-o-w to 11.85M bbls, the lowest since October 2020, while middle distillates stocks also decreased by 330K bbls to 10.51M bbls.