A pick-up in Taiwan loadings coincided with tentative signs of recovery in Singapore, pointing to a possible easing of Asia's regional supply squeeze
Rising Red Sea shipping risks could complicate flows from Saudi Arabia to India and Asia, adding a new source of uncertainty to Middle East trade flows
An enquiry for a cargo from India to West Africa pointed to buyers there looking further afield for supply
Asia
· Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week.
· Shipment adds to a gradual pick-up in flows over the past week, although July volumes remain well down from month-earlier levels.
· Singapore took delivery of additional supplies from Qatar, triggering a strong rebound in shipments from that market this month.
· Cargo loaded from South Korea in the past week before heading to the US Gulf coast, set to arrive in early September.
· Cargo loaded from South Korea in second-half June before heading to the US Gulf coast, set to arrive by end-July.
· Cargo added to a wave of South Korea-origin cargoes set to reach the US Gulf coast in July and August.
· Cargo loaded from South Korea in second-half June before heading toward South Africa, set to arrive in the coming week.
· Cargo of Group III base oils loaded from Indonesia in early July before heading to South Africa then Northwest Europe, set to reach Europe in second-half August.
India/Middle East
· Enquiry emerged for a vessel to load a cargo from India at end-July before heading to West Africa.
· Cargo set to load from Saudi Arabia in early August, with the vessel currently sailing to the country from India.
Europe/Americas
· Cargo of premium-grade base oils loaded from Spain in the past week before heading to Northwest Europe, set to arrive in the coming days.
· Cargo loaded from Northwest Europe around mid-June before heading to West Africa, then South Africa, then Kenya in early August.
· Cargo loaded from US Gulf coast in mid-June before heading to South Africa, arrived in recent days.