Singapore’s middle distillate stocks reach highest since April

Oil

Singapore’s middle distillate inventories increased by 560K bbls w-o-w to 8.71M bbls during the week ending 25 January, the highest level since April 2022, according to Reuters citing Enterprise Singapore data. Light distillate stocks tumbled by 1.22M bbls w-o-w to a three-week low of 15.87M bbls however, while fuel oil inventories also declined by 600K bbls w-o-w to 19.59MT, the lowest since November.