SINGAPORE: Asia's jet fuel cash differential to Singapore quotes remained at a premium for the fourth straight session on Thursday after being stuck at discounts for an extended period, Reuters data showed.
- The Singapore market for jet fuel cash deals was active, with Unipec being the dominant buyer snapping up a total of 800,000 barrels.
- This made it the highest volume transacted in a single session since June 8. - STOCK LEVELS: Singapore's onshore middle distillates stocks edged up 1.1 percent or 136,000 barrels to a two-week high of nearly 12.5 million barrels in the week to June 21, official data showed.
- The increase in Singapore's stocks mirrored that in the US where its distillate inventories, which include diesel and heating oil, rose by 1.1 million barrels last week, Energy Information Administration data showed on Wednesday.
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