· Steady flow of shipments from China continues to move to Singapore, following delivery of larger-than-usual volume so far in August.· Taiwan’s August-loading base oils shipments show signs of rising to more than 45,000t, from less than 25,000t in July.· Several large cargoes of light and heavy-grade Group II base oils from Taiwan set to reach India early this week.· Shipments from South Korea to US show signs of staying lower than usual in August, after already slowing in July.· Large cargo, likely of Group III base oils, loads from UAE in 2H Aug, likely bound for US.· Large cargo from Saudi Arabia set to reach India early this week.· Large cargo from Saudi Arabia set to reach UAE early next week.· August-loading cargo volumes from Saudi Arabia show signs of rebounding strongly vs July levels.· Cargo of Group III base oils from Bahrain reaches Europe early this week.· Cargo of Group III base oils from Bahrain set to reach southern Europe in early Sep 2023.· August-loading premium-grade cargo volumes from UAE/Bahrain show signs of staying higher than usual.· Several cargoes from US load around 1H Aug 2023, set to reach Argentina in 1H Sep 2023.· Steady flow of cargoes moves from Europe to Nigeria in August, with slowdown in flows from US.· August-loading shipments of premium-grade base oils from Spain show signs of slowing from July..Global base oils - week of Aug 28: Price outlook - arbitrage
· Steady flow of shipments from China continues to move to Singapore, following delivery of larger-than-usual volume so far in August.· Taiwan’s August-loading base oils shipments show signs of rising to more than 45,000t, from less than 25,000t in July.· Several large cargoes of light and heavy-grade Group II base oils from Taiwan set to reach India early this week.· Shipments from South Korea to US show signs of staying lower than usual in August, after already slowing in July.· Large cargo, likely of Group III base oils, loads from UAE in 2H Aug, likely bound for US.· Large cargo from Saudi Arabia set to reach India early this week.· Large cargo from Saudi Arabia set to reach UAE early next week.· August-loading cargo volumes from Saudi Arabia show signs of rebounding strongly vs July levels.· Cargo of Group III base oils from Bahrain reaches Europe early this week.· Cargo of Group III base oils from Bahrain set to reach southern Europe in early Sep 2023.· August-loading premium-grade cargo volumes from UAE/Bahrain show signs of staying higher than usual.· Several cargoes from US load around 1H Aug 2023, set to reach Argentina in 1H Sep 2023.· Steady flow of cargoes moves from Europe to Nigeria in August, with slowdown in flows from US.· August-loading shipments of premium-grade base oils from Spain show signs of slowing from July..Global base oils - week of Aug 28: Price outlook - arbitrage