For the first time in 2023, Saudi Arabia exports gas oil to ‎Singapore

Official data showed today, Thursday, that stocks of middle distillates in Singapore, which is an important storage center, are stable, as a jump in net exports of jet fuel / kerosene compensated for the decline in net exports of gas oil “derived from high-density petroleum”, with shipments received from it. Saudi Arabia for the first time in 2023

According to “Reuters”, Enterprise Singapore data indicated that inventories of gas oil and jet fuel / kerosene amounted to 7.473 million barrels (1.003 million tons) as of May 17, down four thousand barrels from the previous week.

Net exports of jet fuel / kerosene rose by 71,837 tons on a weekly basis, after the country was importing these products a week ago.

Total exports recorded 71,872 tons compared to the minimum import volumes of 35 tons.

In terms of gas oil, total imports continued to rise on a weekly basis by more than 200 percent, as the country received shipments from Saudi Arabia for the first time this year.

Data from Refinitiv’s Eikon platform showed that three shipments of 90,000 tons each, originating in Saudi Arabia, are expected to arrive during the next two weeks, and that the mixture contains quantities from the Jazan refinery.