· Singapore’s base oils exports last week remain higher than usual.· Singapore’s four-week average exports from domestic sources rise to highest since last June.· Singapore’s shipments last week include unusually large volume bound for Indonesia.· Singapore’s imports from Japan and South Korea stay lower than usual in recent weeks.· Wave of shipments from Taiwan set to load over coming days.· Taiwan’s February export volume likely to be similar to January unless loadings carried over into March.· Taiwan’s February exports likely consist more of heavy grades; January exports consisted more of light grades.· Unusually large cargo with combination of light and heavy grades loads from Taiwan at end-February.· Large cargo from Indonesia, likely of premium-grade base oils, set to reach northwest Europe in coming week.· Cargo from South Korea, likely of Group II base oils, loaded late-Jan/early Feb – set to reach Egypt in 1H March.· Cargo from South Korea, likely of Group III base oils, set to reach US Gulf coast in coming week.· Cargo of premium-grade base oils loads from UAE early this week. Destination unclear.· Large cargo of premium-grade base oils expected to load from UAE early next week. Size of cargo suggests it will move to US.· Large Jan-loading cargo of premium-grade base oils from UAE set to reach US Gulf coast this week.· Large cargo loads from Bahrain in past week; size of cargo suggests it is bound for US.· Jan-loading cargo from Bahrain set to reach US Gulf coast this week.· Large cargo from Saudi Arabia set to reach India in coming week.· Cargo from Saudi Arabia set to reach Singapore in coming week.· Large cargo from Spain, likely of very light grades, set to reach India in coming week.· Cargo of US origin expected to reach India in coming week.· Cargo from northwest Europe expected to reach Nigeria in coming week.· Another cargo from northwest Europe expected to reach Nigeria in second week of March..Global base oils - week of Feb 27: Supply outlook
· Singapore’s base oils exports last week remain higher than usual.· Singapore’s four-week average exports from domestic sources rise to highest since last June.· Singapore’s shipments last week include unusually large volume bound for Indonesia.· Singapore’s imports from Japan and South Korea stay lower than usual in recent weeks.· Wave of shipments from Taiwan set to load over coming days.· Taiwan’s February export volume likely to be similar to January unless loadings carried over into March.· Taiwan’s February exports likely consist more of heavy grades; January exports consisted more of light grades.· Unusually large cargo with combination of light and heavy grades loads from Taiwan at end-February.· Large cargo from Indonesia, likely of premium-grade base oils, set to reach northwest Europe in coming week.· Cargo from South Korea, likely of Group II base oils, loaded late-Jan/early Feb – set to reach Egypt in 1H March.· Cargo from South Korea, likely of Group III base oils, set to reach US Gulf coast in coming week.· Cargo of premium-grade base oils loads from UAE early this week. Destination unclear.· Large cargo of premium-grade base oils expected to load from UAE early next week. Size of cargo suggests it will move to US.· Large Jan-loading cargo of premium-grade base oils from UAE set to reach US Gulf coast this week.· Large cargo loads from Bahrain in past week; size of cargo suggests it is bound for US.· Jan-loading cargo from Bahrain set to reach US Gulf coast this week.· Large cargo from Saudi Arabia set to reach India in coming week.· Cargo from Saudi Arabia set to reach Singapore in coming week.· Large cargo from Spain, likely of very light grades, set to reach India in coming week.· Cargo of US origin expected to reach India in coming week.· Cargo from northwest Europe expected to reach Nigeria in coming week.· Another cargo from northwest Europe expected to reach Nigeria in second week of March..Global base oils - week of Feb 27: Supply outlook
