Singapore’s light distillate stocks reach highest since August

Oil

Singapore’s light distillate inventories jumped by 980K bbls w-o-w to 16.64M bbls during the week ending 11 January, the highest level since August, according to Reuters citing Enterprise Singapore data. Middle distillate stocks also rose by 20K bbls w-o-w to a sixteen-week high of 8.36M bbls, whereas fuel oil inventories declined by 520K bbls w-o-w to a four-week low of 20.81M bbls.