CNA938 Rewind - Understanding oil stockpiling & pricing strategies

As the conflict in the Middle East drags on and the Strait of Hormuz – which sees one-fifth of the world’s oil and liquefied natural gas pass through – largely blocked, onshore fuel oil inventories are retreating. While Singapore still has supplies to last for months, the authorities continue to monitor the situation and have different contingency plans for different scenarios. Hairianto Diman speaks with Wu Hanwei, Director of pricing and editorial, Asia Pacific, Dow Jones Energy, to find out how oil reserves are deployed and what's behind the pricing strategies.