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A large cargo from India to the US and continued Europe-to-Singapore shipments pointed to ongoing adjustments to cover supply disruptions
Regular Group III shipments from Spain and Indonesia to Northwest Europe underscored the importance of those flows for the region’s premium-grade market
Argentina's base oils exports continued to recover, with two cargoes scheduled to load in late June and early July
Asia
· Group II cargo with a combination of light and heavy grades loaded from Taiwan in recent days before heading to Indonesia.
· Group II cargo-loadings from Taiwan gathered pace in second-half June, with a similar volume of shipments moving to China and Southeast Asia.
· Singapore took delivery of another cargo from Europe in the past week, adding to a sustained wave of shipments from that market since mid-May.
· Cargo of Group III base oils loaded from Indonesia in early May before heading to Northwest Europe, arrived in early July.
· Cargo loaded from South Korea in the past week before heading to the US Gulf coast, set to arrive in early August.
· Cargo loaded from South Korea in late June before heading to Central America, set to arrive in late July.
· Cargo loaded from South Korea at end-May before heading toward the US Gulf coast, set to arrive in the coming week.
India/Middle East
· Large cargo loaded from India in second-half June before heading to the US Gulf coast, set to arrive in first-half August.
· Cargo loaded from Saudi Arabia in late June before heading to Egypt, set to arrive in early July.
· Cargo loaded from Saudi Arabia in late June before heading to Fujairah, arrived in recent days.
Europe/Americas
· Shipments of premium-grade base oils from Spain held relatively steady in June from May, but a larger volume moved to Northwest Europe.
· Cargo loaded from Northwest Europe in mid-May before heading to South Africa then India, reached India in recent days.
· Cargo loaded from Northwest Europe in second-half June before heading to Singapore, set to arrive in early August.
· Cargo set to load a combination of Group I light grades and brightstock from Argentina in early July before heading to the US.
· Another cargo of Group I base oils is expected to load from Argentina in the coming week.
· Cargo loaded from the US Gulf coast in mid-May before heading to South Africa, arrived in recent days.
· The size of the cargo pointed to the vessel carrying on to a further destination such as India.
