REFINERY NEWS ROUNDUP: Stocks draw in Singapore, imports and exports rise

Hellenic Shipping News | Jan 9, 2021 at 1:00 AM
  • Singapore’s commercial onshore middle distillate stockpiles fell to the lowest level in nearly five months, dropping under 15 million barrels as exports rose, although stockpiles remain at historically high levels.
  • The plan by SK Group, which runs the country’s biggest oil refiner, is seen as an effort by the company to have a bigger presence in the carbon-free fuel sector and diversify its energy mix at a time when South Korea is aggressively pushing ahead with energy transition plans.