Singapore fuel oil stockpiles inch up; net imports extend climb
By Jeslyn Lerh
SINGAPORE, July 4 (Reuters) -Onshore fuel oil stockpiles at key trading and storage hub Singapore edged up to a two-week high, with net imports recovering for a second straight week.
Inventories STKRS-SIN inched 1.6% higher to 19.60 million barrels (3.09 million metric tons) in the week ended July 3, Enterprise Singapore data showed. O/SING1
Net imports of fuel oil, calculated by subtracting total exports from total imports, climbed 34.5% week-on-week to about 927,000 tons.
Top cargo origins were Kuwait and the United Arab Emirates, excluding storage movements from Malaysia.
Meanwhile, top destinations for fuel oil outflows from Singapore's onshore tanks were China, Hong Kong and Australia.
Current inventory levels remained ample to meet market demand, said industry sources, with price benchmarks remaining capped in recent trading sessions.
Spot premiums for the high-sulphur market FO380-SIN-DIF eased below $4 a ton this week, while low-sulphur premiums MFO05-SIN-DIF held rangebound below $5 a ton.
Cargo inflows from the West to East Asia, including Russian volumes, are expected to reach about 3 million tons for July, slightly higher than June, calculations based on LSEG ship-tracking data showed this week.
Week to July 4, Fuel oil (in metric tons) | Total Imports | Total Exports | Net Imports |
AUSTRALIA | 0 | 45,998 | -45,998 |
BANGLADESH | 0 | 15,105 | -15,105 |
BRAZIL | 54,894 | 0 | 54,894 |
CHINA | 0 | 65,292 | -65,292 |
HONG KONG | 0 | 46,850 | -46,850 |
INDIA | 0 | 187 | -187 |
INDONESIA | 17,027 | 0 | 17,027 |
IRAQ | 79,210 | 0 | 79,210 |
KOREA | 0 | 0 | 0 |
KUWAIT | 132,228 | 0 | 132,228 |
MALAYSIA | 428,589 | 124,792 | 303,797 |
MARSHALL ISLANDS | 0 | 6,950 | -6,950 |
MEXICO | 55,862 | 0 | 55,862 |
NEPAL | 0 | 41 | -41 |
NETHERLANDS | 92,937 | 0 | 92,937 |
OMAN | 59,931 | 0 | 59,931 |
PERU | 0 | 0 | 0 |
RUSSIA | 104,577 | 0 | 104,577 |
THAILAND | 14,626 | 0 | 14,626 |
TURKMENISTAN | 27,536 | 0 | 27,536 |
UNITED ARAB EMIRATES | 116,592 | 0 | 116,592 |
UNITED STATES | 48,786 | 0 | 48,786 |
VIETNAM | 0 | 159 | -159 |
TOTAL | 1,232,797 | 305,374 | 927,423 |
(Data from Enterprise Singapore)
Reporting by Jeslyn Lerh; Editing by Sohini Goswami
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
