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

For an insight into Asia’s oil demand recovery and the health of global energy markets, look no further than the fluctuating volumes and shifting composition of the hoard of crude and fuel floating off Singapore.Some 82.5 million barrels of crude and oil products was sitting in 67 vessels parked off Singapore and in the Malacca Strait as of Tuesday, according to data intelligence firm Kpler. That’s up from 69.8 million barrels at the end of May. The floating stockpiles fluctuate in size as…

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