Singapore’s crude imports rise to three-month high

Oil

Singapore’s crude oil imports rose by 110K b/d m-o-m to 870K b/d in August, rising for the second month in a row to the highest level since May, according to data released by Enterprise Singapore. Shipments from North America increased by 130K b/d m-o-m to 250K b/d, however arrivals from the Middle East declined by 70K b/d m-o-m to 450K b/d.