- Singapore residual fuel oil inventories jumped 11% to a more than four-year high in the week to May 5 despite lower net import volumes which sank to a five-week low.
- This also came amid steady to lower marine fuels demand at the world’s top bunkering hub.
- Some buyers have held off on spot purchases in anticipation of lower oil prices while others may have bunkered in China where prices have been lower recently.
A Nasdaq news source by Roslan Khasawneh reveals that despite lower net imports,...
https://mfame.guru/fuel-oil-stocks-rise-in-singapore-though-poor-net-profits/