Business Data

Fuel stocks to rebound on seasonal stockpiling, China

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Although a cute fuel shortages in the US Gulf C oast and strong demand growth in the regional EMs triggered aggressive fuel stock drawdowns in Singapore over the past few weeks, we expect stock levels to rebound over the coming months, as refineries stock up on supply ahead of the winter months and ex ports ramp-up from China. Combined refined fuel stockpiles in Singapore fell for the fourth consecutive week in the week ending September 13 2017 amid increased shipments to the US Gulf Coast in the aftermath of Hurricane Harvey and strong demand in the region's emerging markets. Combined stocks fell 12.9% from a multi-month high in March, with light distillate stocks seeing the biggest decline of 20.8% over this period. Stock levels typically expand in Q3 and early-Q4 due to a seasonal drop-off in demand. However, fuel stocks have decreased aggressively in recent weeks as large volumes of gasoline and diesel shipments to Asia were diverted to the US to ease a sharp supply deficit in the US Gulf Coast following Hurricane Harvey

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

BD BMI f

Penerbit

London : BMI Research., 2017

Deskripsi Fisik

2 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

BD

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

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Subjek

China
Rebound

Info Detail Spesifik

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Pernyataan Tanggungjawab

BMI Research

Versi lain/terkait

Lampiran Berkas

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