OPEC Monthly Oil Market Report – November 2017
Singapore and Amsterdam-Rotterdam-Antwerp (ARA)
At the end of September,
in Singapore fell by 6.6 mb to stand at 44.9 mb, which was
3.8 mb, or 7.7%, below the same period a year ago. All products witnessed stock draws.
Light distillate and Middle distillate stocks
fell in September by 1.0 mb and 2.3 mb, to stand at 11.3 mb
and 10.6 mb, respectively. The stocks draw in both products was driven by higher domestic in the region.
Both product stocks remained below the same time one year ago.
Residual fuel oil stocks
also dropped by 3.4 mb in September reversing the build of the last three
consecutive months. At 23.0 mb, fuel oil stocks stood at 1.0 mb, or 4.2%, below the same period a year ago.
in ARA fell by 1.2 mb in September to end the month at 42.8 mb, almost in line with the
same time a year ago. Within products, with the exception of gasoil, all other products dropped.
Gasoline and fuel oil stocks fell by
0.2 mb and 1.1 mb in September to stand at 2.4 mb and 19.3 mb,
respectively. Fuel oil stocks remained 14 mb above the same time a year ago, while gasoil stood at 3.9 mb
below last year at the same time.
gas oil stocks
rose by 1.0 mb in September to stand at 5.5 mb
At this level, they were 18 mb
below last year at the same month.