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Singapore imports strengthened with fresh inflows from Saudi Arabia and Hong Kong as regional supply routes adjusted to Middle East disruptions
South Korean cargo headed to the US Gulf coast but slower April shipments and the pause in Middle East flows pointed to lower US arrivals in May
Spain maintained steady premium-grade exports into Europe while cargoes continued moving to Africa and India
Asia
· Cargo of Group II light and heavy grades loaded from Taiwan in early May before heading to Singapore, set to arrive early next week.
· Cargo loadings from Taiwan in early May remained below levels in the first ten days of April.
· Singapore took delivery in the past week of the first cargo from Saudi Arabia since November 2025.
· Singapore took delivery in the past week of an unusually large shipment from Hong Kong, which is a key destination for premium-grade supplies from Qatar.
· Singapore took delivery in the past week of the first cargo from Saudi Arabia since November 2025.
· Singapore took delivery in the past week of an unusually large shipment from Hong Kong, which is a key destination for premium-grade supplies from Qatar.
· Cargo loaded from South Korea at end-April before heading to US Gulf coast, set to arrive in first-half June.
· A slowdown in South Korean shipments to the US in April and the pause in Middle East flows pointed to lower US cargo arrivals in May.
· Cargo loaded from South Korea in second-half March before heading to Nigeria, set to arrive imminently.
Middle East
· Cargo loaded from Saudi Arabia in early May before heading to South Africa, set to arrive in late May.
· Cargo loaded from Saudi Arabia at end-April before heading to India, set to arrive in the coming week.
Europe
· Cargo of premium-grade base oils loaded from Spain at end-April before heading to northwest Europe, arrived in recent days.
· Another cargo was scheduled to load from Spain in the coming days, with the shipment size pointing to northwest Europe as the likely destination.
· Several smaller shipments loaded from Spain in early May before heading to Turkey and Italy.
· Cargo loaded from northwest Europe in first-half April before heading to Ghana and Nigeria, arrived in early May.
Americas
· Cargo loaded from US Gulf coast in early April before heading to Nigeria, set to arrive in the coming week.
· Cargo loaded from the US Gulf coast in late March before heading to India, via South Africa, set to arrive in the coming week.
