Singapore’s clean oil product exports reach highest since October 2019

Oil

Singapore’s clean oil product exports rose by 140K b/d m-o-m to 1.27M b/d in February, the highest level since October 2019, according to data released by Enterprise Singapore. Shipments of diesel rose by 60K b/d m-o-m to 420K b/d, while loadings of naphtha also increased by 60K b/d m-o-m to 110K b/d. Clean oil product imports declined by 150K b/d m-o-m to 880K b/d, easing after previously reaching the highest since 2017 in January.