Singapore middle distillates stocks dip but remain above 7 mln bbls
8 February 2024
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West coast India “exports are now directed towards Singapore rather than Europe, owing to the elevated freight costs associated with European bound voyages”, said Sparta analyst James Noel-Beswick.
Reuters, February 8, 2024 – James Noel-Beswick from Sparta stated that West Coast India exports are now directed towards Singapore rather than Europe due to the high freight costs associated with voyages to Europe.