Over 280,000 tonnes of gasoline stored on Singapore, Malaysia waters

This is on top of 1.96 million barrels of jet fuel now on water.

More than 280,000 tonnes (2.4 million barrels) of gasoline are sitting on Singapore and Malaysia waters, three trade sources told Reuters.

An additional three more ships loaded with gasoline joined the earlier flock of ships anchored off Malaysia and Singapore, carrying over 170,000 tonnes of gasoline—an amount that can fill some 92 Olympic-size pools.

According to data intelligence firm Kpler, the volume of clean petroleum products—gasoline, diesel and jet fuel—being stored at sea around Singapore is on the rise.

A total of 10.73 million barrels of these fuels were contained on floating storage vessels, an increase of 97% from 5.44 million barrels on 28 April, Kpler said on 8 May.

Kpler added that 2.55 million barrels of gasoline are now on the water, on top of nearly 1.96 million barrels of jet fuel, two types of oil products that are not traditionally stored on ships unlike diesel.

Here’s more from Reuters.

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