22AUG2019 - NEWS - Australia's crude oil exports rebound in June as Asia seeks heavy sweet oils

Australia's crude oil exports staged a rebound in June, with a sharp increase in shipments to Singapore leading the recovery, amid Asia's robust demand for low sulfur fuel oil blendstock in preparation for stricter marine fuel sulfur requirements in 2020, market participants said Thursday.Australia exported 8.15 million barrels of crude oil and other refinery feedstocks in June, up 12.3% year on year and 26.7% higher than May, latest data released by Australia's Department of the Environment and Energy showed.
Singapore was Australia's largest export destination for June with volumes surging to 2.77 million barrels, an increase of 55.5% from same period a year earlier and up 66.3% from the previous month, marking the highest monthly shipment to Asia's oil trading hub so far this year, the data released last week showed.