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Jeslyn Lerh on Muck Rack

Jeslyn Lerh

Verified
  • Asia Energy Markets Correspondent, Reuters
Singapore
As seen in: Reuters, MSN, MSN Ireland, MSN Malaysia, MSN Money Canada, MSN Philippines, MSN Singapore, MSN UK, MSN España, MSN France, Reuters Japan and
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Articles

Singapore oil product inventories ease to two-month lows

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By Trixie Yap, Jeslyn Lerh Verified
| Zawya Verified
SINGAPORE - Oil product stocks held in Singapore, Asia's key fuel trading hub, declined for a second straight week to two-month lows, according to government data, with light distillates inventories nearing a five-year low. Combined onshore oil product inventories stood at around 37.67 million barrels in the week ended August 19, data from Enterprise Singapore showed, compared with 38.44 million barrels a week earlier.
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Hormuz shipping unchanged amid US-Iran stalemate, data shows

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By Jeslyn Lerh Verified
| Zawya Verified
SINGAPORE: Shipping traffic through the Strait of Hormuz on Wednesday was unchanged from the day before as discussions to end the war between the United States and Iran remained deadlocked, according to the latest shipping data. Commodity vessel transits at Hormuz totalled nine on Wednesday, unchanged from Tuesday, shiptracking data from Kpler showed. Transits remained low amid conflicting claims between the U.S. and Iran.
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Oil extends climb on prolonged Hormuz export uncertainty

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By Jeslyn Lerh Verified
| Zawya Verified
SINGAPORE: Oil prices climbed for a fourth straight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 42 cents, or 0.5%, to $91.44 by 0630 GMT, while U.S. West Texas Intermediate crude futures were up 51 cents, or 0.6%, to $85.45 a barrel. Both contracts closed on Tuesday at their highest in over three weeks as hopes of peace between the U.S. and Iran faded.
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