Singapore’s onshore fuel oil inventories have jumped to a new 2018 high, according to data from International Enterprise (IE) Singapore.
Volumes rose 1.5%, or 349,000-barrels, to a fresh high of 24.2m barrels in the week ended 21 March 2018, the data showed.
This came as weekly net imports of fuel oil into Singapore climbed 75% week-on-week to a three-week high of 869,000t.
