Urgent call for international action amid humanitarian disaster in Rafah    Elevated blood sugar levels at gestational diabetes onset may pose risks to mothers, infants    Hurghada ranks third in TripAdvisor's Nature Destinations – World    President Al-Sisi hosts leader of Indian Bohra community    Revitalising Egypt's private sector: key to economic stability    Egypt delivers 80% of total aid to Gaza, more to come: Moselhi    Egypt Education Platform's EEP Run raises funds for Gaza    China in advanced talks to join Digital Economy Partnership Agreement    13 Million Egyptians receive screenings for chronic, kidney diseases    Egypt's annual inflation declines to 31.8% in April – CAPMAS    Al-Mashat invites Dutch firms to Egypt-EU investment conference in June    Asian shares steady on solid China trade data    Trade Minister, Building Materials Chamber forge development path for Shaq El-Thu'ban region    Taiwan's exports rise 4.3% in April Y-Y    Mystery Group Claims Murder of Businessman With Alleged Israeli Ties    Microsoft closes down Nigeria's Africa Development Centre    US Embassy in Cairo announces Egyptian-American musical fusion tour    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Singapore witnesses 8% increase in middle distillates stockpiles
Aya Anwar Published in Amwal Al Ghad on 14 - 03 - 2024

Singapore witnessed an 8 per cent increase in middle distillates stockpiles, the highest level since September 2021, as per a Reuters report.
Net exports of diesel-gasoil and jet fuel-kerosene decreased by 98 and 26 per cent, respectively.
Gasoil-diesel and jet fuel-kerosene inventories in Singapore rose to 10.787 million barrels from 9.99 million barrels a week earlier.
The surge in diesel-gasoil imports, particularly from South Korea and China, led to a decline in net exports.
March-loading cargoes are expected to increase for the third consecutive month, indicating continued price pressures in Asia.
The South Korean arbitrage is currently more favorable than that from the Middle East to Singapore, affecting diesel spreads and moving towards a contango structure.
Diesel imports from the Middle East and India also contributed to overall imports. Diesel exports decreased by around 4 per cent, with slower volumes to regional destinations, while jet fuel-kerosene exports from China also contributed to the decline in net exports.
China-origin cargoes are expected to continue into April, with some major Chinese refineries initiating spot sales.

Clic here to read the story from its source.