· Singapore takes delivery of more Group I supplies from Italy over past week.· Trend shows signs of continuing, following closure of Group I plant in Japan in Oct 2023.· Singapore takes delivery of more supplies from China over past week.· Cargoes add to swathe of shipments from China to Singapore over past month.· Taiwan’s slump in Group II shipments extends into Nov 2023 amid ongoing plant maintenance work.· Saudi Arabia’s base oils exports show signs of rising in Oct 2023 vs previous month.· Large cargo from Saudi Arabia reaches India in early Nov 2023.· Cargo loads from Saudi Arabia in late-Oct 2023 before heading to France; set to arrive in mid-Nov 2023.· Cargo of Group III base oils from Bahrain set to reach northwest Europe around mid-Nov 2023.· Cargo of Group III base oils from Bahrain reaches US Gulf coast at beginning of Nov 2023.· Large cargo of Group III base oils loads from UAE in 1H Oct 2023, set to reach US Gulf coast around mid-Nov 2023.· Cargo of Group III base oils loads from UAE in early Nov 2023, set to reach India in coming week.· Cargo, likely of Group I base oils, loads from Spain at end-Oct 2023, reaches Senegal in early Nov 2023.· Signs of pick-up in flows from US to South Africa in recent months extends into Nov 2023.· Large cargo, likely of Group II base oils, loads from US Gulf coast in mid-Oct 2023 before heading to Lagos, Nigeria. Set to arrive in coming week.· Cargo from northwest Europe set to reach Nigeria within next two weeks..Global base oils - week of Nov 6: Price outlook - arbitrage
· Singapore takes delivery of more Group I supplies from Italy over past week.· Trend shows signs of continuing, following closure of Group I plant in Japan in Oct 2023.· Singapore takes delivery of more supplies from China over past week.· Cargoes add to swathe of shipments from China to Singapore over past month.· Taiwan’s slump in Group II shipments extends into Nov 2023 amid ongoing plant maintenance work.· Saudi Arabia’s base oils exports show signs of rising in Oct 2023 vs previous month.· Large cargo from Saudi Arabia reaches India in early Nov 2023.· Cargo loads from Saudi Arabia in late-Oct 2023 before heading to France; set to arrive in mid-Nov 2023.· Cargo of Group III base oils from Bahrain set to reach northwest Europe around mid-Nov 2023.· Cargo of Group III base oils from Bahrain reaches US Gulf coast at beginning of Nov 2023.· Large cargo of Group III base oils loads from UAE in 1H Oct 2023, set to reach US Gulf coast around mid-Nov 2023.· Cargo of Group III base oils loads from UAE in early Nov 2023, set to reach India in coming week.· Cargo, likely of Group I base oils, loads from Spain at end-Oct 2023, reaches Senegal in early Nov 2023.· Signs of pick-up in flows from US to South Africa in recent months extends into Nov 2023.· Large cargo, likely of Group II base oils, loads from US Gulf coast in mid-Oct 2023 before heading to Lagos, Nigeria. Set to arrive in coming week.· Cargo from northwest Europe set to reach Nigeria within next two weeks..Global base oils - week of Nov 6: Price outlook - arbitrage
