· Singapore takes delivery last week of unusually large cargo from Hong Kong – which is a key outlet for supplies from Qatar.
· Singapore’s weekly exports to China rise last week to highest in a month.
· Pause in shipments from Europe to Singapore extends into third month following surge in supplies at end-2022/early 2023.
· Taiwan’s base oils exports rise in first three weeks of May vs April levels, stay lower than March levels.
· Most of Taiwan’s May exports consist of light grades.
· April-loading cargo from South Korea set to reach Saudi Arabia in early June.
· Cargo of Group III base oils from UAE set to reach China later this week.
· Cargo of Group III base oils from UAE set to reach Europe later this week.
· Cargo of Group III base oils from Bahrain reaches Europe at start of this week.
· Cargo of Group III base oils from Malaysia set to reach Europe later this week.
· Cargo loads from Spain in past week, likely of very light grades, likely bound for India.
· Another cargo set to reach Nigeria this week after loading from northwest Europe in early May.
· Cargo adds to wave of Nigeria-bound shipments from US, Russia and Europe earlier this month.
· Cargo from Asia-Pacific set to reach Nigeria this week, after originally being scheduled to arrive in late April.
