· Delivery of base oils shipments to Singapore falls last week to less than 1,000t - weekly volume is lowest in more than a year.· Singapore’s weekly shipments to southeast Asia rise last week to highest since February.· Taiwan sees jump in July-loading base oils shipments over past week, with most of the cargoes moving to China.· Taiwan’s July volumes remain lower than usual.· Cargo, likely of Group II base oils, loads from South Korea in early July, set to reach UAE at beginning of August.· Cargo of Group III base oils loads from UAE last week, set to reach India this week.· Cargo is second such shipment from UAE to India in July.· Large cargo of Group III base oils loads from UAE in early July, set to reach northwest Europe by end-July.· Large cargo of Group III base oils loads from UAE in late June, set to reach US Gulf coast by end-July.· Large cargo of Group III base oils loads from Bahrain in early July, set to reach northwest Europe in early August.· Another cargo from Bahrain set to reach Europe this week.· Large cargo of Group III base oils from Bahrain set to reach Turkey at beginning of August.· Cargo of Group III base oils from Bahrain reaches India in past week.· Cargo loads from US in early June, reaches India this and last week.· Number of cargoes loading from US in recent weeks - before moving to India/Mideast Gulf - shows signs of slowing compared with June.· Cargo loads from Saudi Arabia’s Yanbu in mid-July, set to reach East Africa in coming week.· Large cargo of premium grades loads from Spain in past week bound for northwest Europe.· July-loading premium-grade cargoes from Spain rebound to more typical levels after dipping in May-June 2023.· Cargo set to reach Brazil in coming week after leaving Singapore in early July..Global base oils - week of July 24: Price outlook - arbitrage
· Delivery of base oils shipments to Singapore falls last week to less than 1,000t - weekly volume is lowest in more than a year.· Singapore’s weekly shipments to southeast Asia rise last week to highest since February.· Taiwan sees jump in July-loading base oils shipments over past week, with most of the cargoes moving to China.· Taiwan’s July volumes remain lower than usual.· Cargo, likely of Group II base oils, loads from South Korea in early July, set to reach UAE at beginning of August.· Cargo of Group III base oils loads from UAE last week, set to reach India this week.· Cargo is second such shipment from UAE to India in July.· Large cargo of Group III base oils loads from UAE in early July, set to reach northwest Europe by end-July.· Large cargo of Group III base oils loads from UAE in late June, set to reach US Gulf coast by end-July.· Large cargo of Group III base oils loads from Bahrain in early July, set to reach northwest Europe in early August.· Another cargo from Bahrain set to reach Europe this week.· Large cargo of Group III base oils from Bahrain set to reach Turkey at beginning of August.· Cargo of Group III base oils from Bahrain reaches India in past week.· Cargo loads from US in early June, reaches India this and last week.· Number of cargoes loading from US in recent weeks - before moving to India/Mideast Gulf - shows signs of slowing compared with June.· Cargo loads from Saudi Arabia’s Yanbu in mid-July, set to reach East Africa in coming week.· Large cargo of premium grades loads from Spain in past week bound for northwest Europe.· July-loading premium-grade cargoes from Spain rebound to more typical levels after dipping in May-June 2023.· Cargo set to reach Brazil in coming week after leaving Singapore in early July..Global base oils - week of July 24: Price outlook - arbitrage
