Ships currently in the straits are carrying crude from everywhere from Venezuela to the Middle East to West Africa and some of them have been there for at least a month. Photo: ReutersShips currently in the straits are carrying crude from everywhere from Venezuela to the Middle East to West Africa and some of them have been there for at least a month. Photo: Reuters
Ships currently in the straits are carrying crude from everywhere from Venezuela to the Middle East to West Africa and some of them have been there for at least a month. Photo: Reuters

Off Singapore, vast stockpiles of crude oil paint a picture of Asia’s recovering energy market

  • There were 82.5 million barrels of crude and oil products sitting in 67 vessels parked off Singapore and in the Malacca Strait as of Tuesday
  • Asia’s energy demand rebound has led the world but much of that has come from China, with other economies in the region struggling to match it
Topic |   Energy
Ships currently in the straits are carrying crude from everywhere from Venezuela to the Middle East to West Africa and some of them have been there for at least a month. Photo: ReutersShips currently in the straits are carrying crude from everywhere from Venezuela to the Middle East to West Africa and some of them have been there for at least a month. Photo: Reuters
Ships currently in the straits are carrying crude from everywhere from Venezuela to the Middle East to West Africa and some of them have been there for at least a month. Photo: Reuters
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