· Singapore takes delivery over the past week of the largest shipment from Taiwan in more than two months.· Singapore takes delivery over past week of large shipment from China.· Cargo loadings from Taiwan pause last week as Typhoon Doksuri strikes region.· Delayed loadings compound further slowdown in Taiwan’s July base oils exports.· Cargo of Group II base oils from South Korea set to reach UAE in early August.· Cargo loads from South Korea late last week before heading to US Gulf coast; expected to arrive in late August.· July-loading cargoes from South Korea to US Gulf coast show signs of slowing sharply from June.· Large Group III cargo from Bahrain set to reach northwest Europe in 1H August.· Another large cargo from Bahrain set to reach southern Europe in early August.· July-loading cargoes from Bahrain show signs of rising strongly from June, with most of the shipments moving to Europe.· Group III cargo from UAE reaches India late last week, following arrival of another cargo from UAE the previous week.· Large cargo of Group III base oils from UAE reaches northwest Europe in recent days.· Large cargo of Group III base oils from UAE set to reach US Gulf coast early this week.· July-loading shipments from Saudi Arabia show signs of falling sharply from June, when exports were unusually high.· Cargo loads from Saudi Arabia around mid-July, reaches East Africa late last week.· Cargo, likely of Group II base oils, loads from US Gulf coast in early July, reaches Nigeria in past week.· Cargo is latest in steady flow of arbitrage shipments from US to Nigeria since Q1 2023.· Cargo of US origin, likely of Group II base oils, loads from US Gulf coast in late July before heading to India; expected to arrive in late August.· Cargo, likely of Group II base oils, loads from US Gulf coast in June, likely to reach India around mid-August.· Cargo of US origin reaches UAE at end of last week, after discharging part of its shipment in India a week earlier.· Large cargo, likely of very-light grades, loads from Spain in past week before heading to India.· Cargo adds to rebound in Spain’s base oils exports in July..Global base oils - week of July 31: Price outlook - arbitrage
· Singapore takes delivery over the past week of the largest shipment from Taiwan in more than two months.· Singapore takes delivery over past week of large shipment from China.· Cargo loadings from Taiwan pause last week as Typhoon Doksuri strikes region.· Delayed loadings compound further slowdown in Taiwan’s July base oils exports.· Cargo of Group II base oils from South Korea set to reach UAE in early August.· Cargo loads from South Korea late last week before heading to US Gulf coast; expected to arrive in late August.· July-loading cargoes from South Korea to US Gulf coast show signs of slowing sharply from June.· Large Group III cargo from Bahrain set to reach northwest Europe in 1H August.· Another large cargo from Bahrain set to reach southern Europe in early August.· July-loading cargoes from Bahrain show signs of rising strongly from June, with most of the shipments moving to Europe.· Group III cargo from UAE reaches India late last week, following arrival of another cargo from UAE the previous week.· Large cargo of Group III base oils from UAE reaches northwest Europe in recent days.· Large cargo of Group III base oils from UAE set to reach US Gulf coast early this week.· July-loading shipments from Saudi Arabia show signs of falling sharply from June, when exports were unusually high.· Cargo loads from Saudi Arabia around mid-July, reaches East Africa late last week.· Cargo, likely of Group II base oils, loads from US Gulf coast in early July, reaches Nigeria in past week.· Cargo is latest in steady flow of arbitrage shipments from US to Nigeria since Q1 2023.· Cargo of US origin, likely of Group II base oils, loads from US Gulf coast in late July before heading to India; expected to arrive in late August.· Cargo, likely of Group II base oils, loads from US Gulf coast in June, likely to reach India around mid-August.· Cargo of US origin reaches UAE at end of last week, after discharging part of its shipment in India a week earlier.· Large cargo, likely of very-light grades, loads from Spain in past week before heading to India.· Cargo adds to rebound in Spain’s base oils exports in July..Global base oils - week of July 31: Price outlook - arbitrage
