OPEC Monthly Oil Market Report – October 2017
Singapore and Amsterdam-Rotterdam-Antwerp (ARA)
At the end of August,
in Singapore rose by 1.6 mb to stand at 51.5 mb, which is 3.2 mb, or
6.7%, above the same period a year ago. Within products, fuel oil went up, while light and middle distillates
witnessed stock draws.
Middle and light distillate stocks
fell in August by 0.3 mb and 0.9 mb to stand at 12.9 mb and 12.3 mb,
respectively. The stock draws in both products were driven by higher exports from the region. Both product
stocks remained below the same time one year ago.
residual fuel oil stocks
rose by 2.9 mb in August for the third consecutive month. At 26.4 mb,
fuel oil stocks stood at 5.8 mb, or 28.4%, higher than the same period a year ago.
in ARA rose by 2.3 mb in August to end the month at 44.0 mb, which is almost in line with
the same time a year ago. All product categories saw increases, with the exception of fuel oil.
Gasoline and jet fuel oil stocks
rose by 0.5 mb and 2.0 mb in August to stand at 2.6 mb and 8.9 mb,
respectively. Fuel oil stocks remained 1.5 mb, or 28%, above the same time a year ago, while gasoil stood at
2.9 mb, or 27%, below last year at the same time.
fuel oil stocks
fell by 0.2 mb in August to stand at 20.4 mb, which is 20 mb above last year
during the same month.