Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah rose to a three-month high in March, easing the impact of logistical disruptions in the Red Sea region.The disruptions raised concern in markets like India about a slowdown in base oils shipments from Saudi Arabia and boosted moves to line up supplies from alternative sources instead.The shipment of several cargoes from Saudi Arabia to India via the Red Sea over the past month instead helped to sustain steady flows to that market.Total shipments of more than 55,000 tonnes from Yanbu and Jeddah combined in March rose from less than 40,000 tonnes the previous month, shipping data showed.Shipments from the two ports averaged more than 55,000 tonnes/month in 2023.Shipments from the two ports typically move to markets like UAE, India and South Africa via the Red Sea.Several cargoes instead travelled to those markets via the Suez Canal and western Africa in the first two months of the year.One shipment bound for India took more than forty days to arrive.Several more cargoes took the more direct route to India in March. One of the shipments reached India this week after a voyage of less than three weeks.The trend showed signs of continuing this month.India’s base oils imports from Saudi Arabia fell to a three-month low in March. But they remained above the 20,000 tonnes/month level for a third month, reflecting the ongoing arrival of large volumes from the country..India March base oil imports edge lower.Global base oils exports to Mideast Gulf rise in Feb
Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah rose to a three-month high in March, easing the impact of logistical disruptions in the Red Sea region.The disruptions raised concern in markets like India about a slowdown in base oils shipments from Saudi Arabia and boosted moves to line up supplies from alternative sources instead.The shipment of several cargoes from Saudi Arabia to India via the Red Sea over the past month instead helped to sustain steady flows to that market.Total shipments of more than 55,000 tonnes from Yanbu and Jeddah combined in March rose from less than 40,000 tonnes the previous month, shipping data showed.Shipments from the two ports averaged more than 55,000 tonnes/month in 2023.Shipments from the two ports typically move to markets like UAE, India and South Africa via the Red Sea.Several cargoes instead travelled to those markets via the Suez Canal and western Africa in the first two months of the year.One shipment bound for India took more than forty days to arrive.Several more cargoes took the more direct route to India in March. One of the shipments reached India this week after a voyage of less than three weeks.The trend showed signs of continuing this month.India’s base oils imports from Saudi Arabia fell to a three-month low in March. But they remained above the 20,000 tonnes/month level for a third month, reflecting the ongoing arrival of large volumes from the country..India March base oil imports edge lower.Global base oils exports to Mideast Gulf rise in Feb
