Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah fell in January amid signs of a slowdown in flows to India.A larger share of the shipments instead moved to other outlets like Europe and South Africa.Those shipments moved to their destinations via the Suez Canal.Saudi Arabia’s shipments to South Africa typically move to the country via the Red Sea and eastern Africa.Total shipments of more than 40,000t from Yanbu and Jeddah in January fell from close to 100,000t the previous month, shipping data showed.The December volume was unusually high and extended a trend of a rise in shipments one month followed by a drop in flows the next.The slowdown in January shipments extended the trend.Signs of lower-than-usual shipment volumes so far in February would deviate from the trend.The lower volumes this month added to signs of a slowdown in shipments to India.A cargo moved from Saudi Arabia to India in second-half January. The shipment was the first in around a month.India’s imports from Saudi Arabia stayed high in January as the country took delivery of a swathe of shipments that set off from Yanbu and Jeddah in December.India’s imports from Saudi Arabia then fell in first-half February.Any moves to redirect shipments could extend a slowdown in flows to India and boost supplies to other markets like Europe and north Africa. .India’s Jan base oils imports stay high
Base oils shipments from the Saudi Arabian ports of Yanbu and Jeddah fell in January amid signs of a slowdown in flows to India.A larger share of the shipments instead moved to other outlets like Europe and South Africa.Those shipments moved to their destinations via the Suez Canal.Saudi Arabia’s shipments to South Africa typically move to the country via the Red Sea and eastern Africa.Total shipments of more than 40,000t from Yanbu and Jeddah in January fell from close to 100,000t the previous month, shipping data showed.The December volume was unusually high and extended a trend of a rise in shipments one month followed by a drop in flows the next.The slowdown in January shipments extended the trend.Signs of lower-than-usual shipment volumes so far in February would deviate from the trend.The lower volumes this month added to signs of a slowdown in shipments to India.A cargo moved from Saudi Arabia to India in second-half January. The shipment was the first in around a month.India’s imports from Saudi Arabia stayed high in January as the country took delivery of a swathe of shipments that set off from Yanbu and Jeddah in December.India’s imports from Saudi Arabia then fell in first-half February.Any moves to redirect shipments could extend a slowdown in flows to India and boost supplies to other markets like Europe and north Africa. .India’s Jan base oils imports stay high
