Taiwan's base oils exports in first-half May remained below March and April levels, extending the recent slowdown in shipments from that market
Singapore took delivery of a large northwest Europe cargo likely arranged before end-February disruptions tightened European availability
US Gulf coast shipments continued to reach Nigeria, but the lack of fresh cargo fixtures pointed to slower flows ahead.
Asia
· Cargo of light and heavy-grade Group II base oils loaded from Taiwan in recent days before heading to Indonesia, set to arrive next week.
· Taiwan’s base oils exports in first-half May remained lower than during the same period in March and April.
· Singapore took delivery in the past week of a large shipment from northwest Europe that set off from that market in first-half March.
· The shipment was the second-largest from Europe in more than a year.
· Cargo of Group III base oils loaded from Indonesia in first-half May before heading to northwest Europe, set to arrive in first-half June.
Europe
· Cargo of premium-grade base oils loaded from Spain last week before heading to northwest Europe, set to arrive in the coming days.
· Cargo loaded from northwest Europe this week before heading to Nigeria, set to arrive in early June.
· Cargo loaded from northwest Europe in first-half May before heading to South Africa, set to arrive in early June.
Americas
· Cargo loaded from US Gulf coast this week before heading to India, set to arrive in late June.
· Cargo loaded from US Gulf coast at end-March before heading to India, set to arrive in the coming days.
· Large cargo loaded from US West coast in second-half April before heading to northwest Europe, set to arrive in coming week.
· Large cargo reached Nigeria in recent days after loading from US Gulf coast in early April.