Singapore-based Chemoil's Helios Terminal has added inventory data to Singapores government trade monitor International Enterprise (IE) for its onshore storage fuel oil stocks report.
The volume reported has leapt by 37% to 19.32 million barrels, after including figures from Helios for the first time.
Reports at the time said the stocks were at a five-week high and attributed the rise to dwindling bunker demand in Singapore and an increase in arbitrage arrivals from the West this month.
If data from the Helios terminal had not been included stocks would have been recorded at around 17.4 million, a week-on-week increase of 24%.
Helios started reporting its stock levels last Thursday [6th August], based on IE's request, and it will continue to do so every Thursday, a Chemoil spokeswoman said.
IE tracks the voluntary reporting of onshore oil product inventories held by major oil companies and oil storage operators.
The Helios Terminal has an approximate capacity of 482,000 m³.