Singapore fuel oil stocks jump 10% on-week as shipping activity slows
Singapore-based fuel oil in floating storage eased 1% to 4.5m tonnes, in the week ended Wednesday. Notably, low sulphur fuel oil stocks in floating storage rose to 3.9m tonnes, up by 2% week on week
This rise in inventories has come despite a 54% plunge in imports during the same period. Residual fuel oil stocks are up 18% compared with the corresponding period in 2019
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