· Singapore’s weekly base oils shipments to India rise last week to three-month high.· Several cargoes from Singapore set to head beyond Mideast Gulf in 2H July/early August.· Taiwan’s base oils exports stay unusually low in 1H July 2023.· June-loading cargo of Group II light and heavy grades from Taiwan reaches Mumbai in past week.· Large cargo from South Korea set to reach US Gulf coast early this week.· Another cargo from South Korea set to reach US Gulf coast in late-July, amid rebound in June-loading exports from South Korea to US, after slowdown in May.· Cargoes likely include some Group II base oils.· Large cargo, likely of Group III base oils, loads from UAE last week, set to reach India early this week.· Large cargo of Group III base oils loads from UAE in early July, set to reach northwest Europe in late July.· Cargo of Group III base oils loads from Bahrain in mid-June, set to reach northwest Europe at start of this week.· Cargo of Group III base oils loads from Bahrain at end-June, set to reach northwest Europe in late July.· Cargo of Group III base oils loads from Bahrain in 1H July, set to reach northwest Europe in early August.· Cargo, likely of Group I heavy grades, loads from Saudi Arabia in 1H June, reaches US Gulf coast this and last week.· Cargo from US reaches India at start of this week, also set to discharge some supplies in UAE.· Another cargo from US set to reach India later this week.· Large cargo of premium grades loads from Spain in past week before heading to northwest Europe.· Spain’s shipments of premium-grade base oils so far in July already exceed total exports in June 2023.· Cargo loads from Baltic region in 2H June, reaches Nigeria in recent days.· Shipment is second in two months to reach Nigeria from Baltic region.· Cargo loads from southern Europe in early July, reaches Nigeria in recent days.· Cargo loads from northwest Europe in 2H June, reaches Nigeria in recent days..Global base oils - week of July 17: Price outlook - arbitrage
