Fuel oil inventories in Singapore hit two-week low after import surge

Most of its cargoes were bound for Southeast Asia, according to trade sources and shipping data. Meanwhile, exports from Singapore onshore tanks fell 25.8 per cent week-on-week to about 352,000 tonnes.

China remained the top destination for Singapore's fuel oil outflows, as in prior weeks. The spot market for high-sulphur fuel oil retained strong premiums in recent sessions, while low-sulphur fuel oil held in discounts.

(Reporting by Jeslyn Lerh; Editing by Eileen Soreng)