Singapore refined oil inventories rebound to a one-month high

Golden Ten Data reported on June 25 that, according to official data, with inventories of various oil products comprehensively rebounding, the refined oil inventory at Singapore, a key oil trading hub in Asia, has sharply rebounded from last week's 13-year low and reached its highest level in nearly a month. As of the week ending June 24, Singapore's onshore refined oil inventory totaled approximately 42.19 million barrels, an increase of about 20% compared to the previous week. Inventories of light distillates, residual fuel, and middle distillates all reached four-week highs. During the week, total gasoline exports were about 11.45 million tons, of which 10.77 million tons were exported to South Korea and 242,000 tons to Indonesia.