Global base oils – week of Oct 2: Cargo flows

·        Singapore loads rare cargo bound for Nigeria in past week.

·        Singapore shipment to Nigeria adds to pick-up in cargoes to the country from unusual sources in recent weeks.

·        Last such large cargo from Singapore bound for Nigeria was in 2019.

·        Taiwan’s base oils exports slow sharply in 2H Sep 2023 from 1H Sep.

·        Taiwan’s 2H Sep 2023 base oils exports to China slump.

·        Cargo of Group II base oils loads from Taiwan at end-Sep 2023 before heading to India.

·        US sees surge in shipments from South Korea reaching country in September, following slump in August.

·        Large cargo loads from Saudi Arabia in early October, set to reach India next week.

·        Cargo of Group I bright stock from Saudi Arabia set to reach India at start of this week.

·        Cargo from Saudi Arabia set to reach northwest Europe early this week.

·        Cargo of Group I/II base oils loads from Saudi Arabia in late Sep 2023 before heading to South Africa, set to arrive next week.

·        Cargo loadings from Saudi Arabia fall in September following surge in August, still hold firm.

·        Cargo of Group III base oils loads from Bahrain in 1H Sep 2023, set to reach northwest Europe in 2H Oct 2023.

·        Another cargo from Bahrain set to reach northwest Europe in coming week.

·        Cargo loads from US in late-Sep 2023 before heading to West Africa, set to arrive in October.

·        Separate cargo from US loads in 2H Sep 2023 before heading to Turkey, set to arrive by mid-Oct 2023.

·        Cargo of very light grades from Spain set to reach India in coming week.