Stock levels for gasoil and jet fuel/kerosene were at 8.047 million barrels (1.080 million tonnes) as of April 26, compared with 8.062 million barrels a week earlier, data from Enterprise Singapore showed.
Total imports for gasoil rose by more than twice during the week to 169,375 tonnes, with Russian barrels taking up to close one quarter of the volumes.
Below are the top import contributor countries for gasoil in the week and their respective volumes (in tonnes):
Import volumes from China were minimal for the third consecutive week, with expectations to continue going forward.
"Chinese refiners will further cut gasoil export in the second quarter as domestic demand has gradually improved," said Refinitiv Oil Research.
Total exports for gasoil out of Singapore were steady week-on-week at around 460,000 tonnes.
On the jet fuel/kerosene front, total imports and exports fell week-on-week. Export volumes were mostly heading to regional destinations given the limited arbitrage to the West in the past few weeks. Below are the top export contributor countries for jet fuel in the week and their respective volumes (in tonnes):
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Singapore's gasoil imports Singapore's jet fuel/kerosene exports ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Trixie Yap and Matthew Chye; Editing by Sohini Goswami)
