· Singapore takes delivery of another large cargo from China last week, boosting total supplies to close to 10,000t over past month.· Taiwan’s August base oils exports extend strong rise, far outpacing July volumes.· Shipments included larger-than-usual share of light grades.· Shipments include large cargo with combination of light and heavy grades set to reach India in coming week – cargo would be second to reach India in August.· Large July-loading cargo from South Korea set to reach US Gulf coast in coming week.· Cargoes from South Korea reaching US in August 2023 set to fall sharply from volume reaching US in July 2023.· Large cargo of premium grades from UAE reaches India in past week.· Large cargo of premium grades loads from UAE early this week; size of shipment suggests US the likely destination.· July-loading cargo of Group III base oils from Bahrain set to reach France in coming week.· July-loading cargo of Group III base oils from Bahrain set to reach US Gulf coast in coming week.· Large cargo from Saudi Arabia set to reach India by end-Aug; shipment would be second large cargo from Saudi Arabia to reach India in August.· Large cargo of very light grades from Spain set to reach India by end-August.· Large August-loading cargo from Spain heads for Netherlands - cargo is second such shipment to Netherlands in August.· Spain’s August exports of premium grades show signs of reverting to more typical levels, after lower volumes in May and June, followed by surge in shipments in July.· Larger-than-usual flow of US shipments to Argentina this year extends through August, with large cargo set to arrive in early September.· Cargo of US origin set to reach India by end-August, following arrival of more arbitrage supplies from US earlier in the month..Global base oils - week of Aug 21: Price outlook - arbitrage.Base Oil News stories and analysis also available on ICIS platform
