Singapore imported more fuel oil in October than in any month since April 2021.

Changes in monthly average Singapore stocks from September to October:

• Residual fuel oil stocks up 133,000 bbls to 17.56 million bbls
• Middle distillate stocks down 803,000 bbls to 9.78 million bbls

Singapore’s residual fuel oil stocks have grown to two-month highs amid rising net imports, Enterprise Singapore data shows.

Net imports were at their highest since February.

Middle distillate stocks were drawn for a second consecutive month and dropped to four-month lows.

Changes in Singapore fuel oil trade from September to October:

• Fuel oil imports up 2.50 million bbls to 7.16 million bbls
• Fuel oil exports up 1.55 million bbls to 2.96 million bbls
• Net fuel oil imports up 953,000 bbls to 4.20 million bbls

By Erik Hoffmann

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