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Base Oils and Lubricants - Weekly Global Market Review (5 Dec)

Iain Pocock

  • Asia: Base oils output rises in South Korea, Japan, China

  • Singapore: Exports hit a five-month high, with increased shipments to US

  • Europe: Group II supply falls at end-Q3, while Group I surplus lingers

  • US: Domestic demand extends rebound in September; naphthenic output slumps

  • South America: Supply tightens in Brazil and Argentina at start of Q4

  • Cargo flows: More cargoes head to/reach Nigeria

Global Base Oils Cargo Flows: Week to 5 Dec

Singapore’s base oils exports climb to eight-month high

Argentina’s October Base Oils Supply Falls to Three-Month Low

Spain’s November Premium-Grade Base Oils Exports Stay Low

Thailand’s October Base Oils Supply Rises to Seven-Month High