Reuters
Record volumes of refined products were shipped from Singapore to Mexico in the third quarter on lower U.S. exports to the Latin American country caused by peak summer demand and slow shipping through the Panama Canal, industry sources and analysts say. The trend could continue into the fourth quarter, especially for gasoline, drawing down Singapore stockpiles and providing a floor for Asian refiners' margins, the sources added. Singapore's exports of diesel, gasoline and jet fuel to Mexico were at 178,000-208,000 metric tons on average per month between July and September, shiptracking data from Kpler and LSEG showed, a level unseen over the past four years.