Singapore’s middle distillates stocks fell for a second consecutive week, led by a plunge in total gasoil imports, official data showed on Thursday.

Gasoil and jet fuel/kerosene volumes stored at key trading hub Singapore were at 8.192 million barrels in the week ended Oct. 18, down from 9.555 million barrels a week ago, official data from Enterprise Singapore showed.

On the gasoil front, Singapore was a net exporter of the fuel, with total exports far exceeding total imports.

Total imports of gasoil in Singapore plunged to nearly zero in the week to Oct. 18, showed Enterprise Singapore data, versus 484,440 barrels last week.

Meanwhile, total exports for gasoil fell week-on-week, though cargo flows continued into regional destinations such as Australia, Indonesia and Malaysia.

On the jet fuel/kerosene front, total imports exceeded total exports, rising significantly from a week earlier, with both China and Malaysia bringing in significant volumes of jet fuel for the first time this month.

Exports of the aviation fuel were mostly to regional destinations such as Australia and New Zealand.
Source: Reuters (Reporting by Ashley Fang; Editing by Janane Venkatraman)