Singapore Petroleum Company (SPC) said strong oil demand from the region helped its first quarter net profit rise sharply to S$42.1 million from S$15 million last year. (US$1=S$1.7). The mostly downstream oil company reported an 8.8% rise in revenue to S$953.2 million from S$876.1 million previously. In a statement, Keppel-affiliate SPC said: “The widespread economic…