Singapore Stocks Dip

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Singapore onshore oil product inventories dipped by 0.9% from a week ago to 46.61 million bbl on Aug. 11, according to data released by government agency IE Singapore. Singapore is the Asia-Pacific region's trading and pricing hub for oil products and its inventory levels are a closely watched indicator of supply. Singapore Onshore Product Stocks ('000 bbl) Aug 11 Aug 4 Vol. Chg. %Chg. Light distillates 12,872 13,534 -662 -4.9% Middle distillates 11,176 11,051 125 1.1 Fuel oil 22,566 22,438 128 0.6 Total 46,614 47,023 -409 -0.9% Source: IE Singapore

Oil Inventories, Oil Supply
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