Oil slipped on Thursday on indications of rising U.S. stocks and as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices.
Singapore residual fuel oil inventories fell 5% in the week to Jan. 19, slipping from a near two-month high in the previous week as net import volumes shrank, official data showed on Thursday. Onshore fuel oil stocks fell by 1.14 million barrels, or about 180,000 tonnes, to a two-week low of 21.2 million barrels, or .
Oil prices on Tuesday climbed to their highest since 2014 as investors worried about global political tensions involving major producers such as the United Arab Emirates and Russia that could.
PetroChina International Singapore Pte Ltd climbed three spots to be the top marine fuel supplier in the world’s biggest ship refuelling hub in 2021 while the overall number of licensed suppliers fell by four to 41, official data showed on Monday. Shell Plc’s Singapore bunkering unit, Shell Eastern Trading Pte Ltd, fell from the top .