Jet skids to steep discount in Singapore as stock pressure builds

A stock pile up with no clear demand outlet has sent discounts on offer for physical cargoes of jet fuel spiraling towards record highs in Singapore, traders said Tuesday. Cargoes of jet fuel have been slow to move in Singapore's physical market so far this month. Major oil companies Shell and BP, along with local trading giant Hin Leong, have been the only buyers of note so far this month, with Hin Leong picking... [read full story]                    

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