Singapore's middle distillates inventories fell for a third straight week, with stocks of diesel/gasoil and jet fuel/kerosene at key oil storage hub Singapore decreasing. Net exports of gasoil/diesel increased significantly, driven by a drop in total imports. More cargoes from India and the Middle East are expected to arrive in the next two weeks. The city-state is expected to import between 5 million and 6 million barrels of diesel/gasoil in September, reaching a four-month high. Jet fuel/kerosene net exports decreased by around 46% from the previous week.
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Original article source: https://www.dailymail.co.uk/wires/reuters/article-13868301/Singapores-middle-distillates-stocks-dip-week-amid-robust-net-exports.html
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