Singapore Oil Inventories Rise
Singapore oil product inventories rebounded to a three week high of 39.18 million barrels. Residual fuel and middle distillate stocks also posted notable gains.
Insights:
Singapore oil product inventories rose 4.0% to 39.18 million barrels in the week ended August 26, reaching a three-week high. The data from Enterprise Singapore covers onshore stocks building across the barrel. Markets remain watchful on Middle East shipping routes following military actions involving the United States, Israel, and Iran.
