Singapore fuel oil inventories extend decline to 11-week lows




Residual fuel oil stocks at key trading hub Singapore fell further to 11 week-lows as imports slumped, official data showed on Thursday. Onshore fuel oil stocks fell 2.0% to 19.37 million barrels (3.05 million metric tons) in the week to Oct 4, down for a second week, Enterprise Singapore data showed. Weekly net imports, calculated by subtracting total exports from total imports, fell 85.4% from last week to 122,000 tons

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