· Singapore’s weekly shipments to China surge last week to highest in more than a year.· Singapore’s shipments to China last week exceed island-state’s monthly exports to China over most of past year.· Taiwan’s base oils exports in first twelve days of March already exceed total February shipments – following delay of several February cargoes.· Large March-loading cargo from Taiwan with combination of very light, light and heavy grades expected to reach India over coming week.· Cargo of Group II heavy grades from Taiwan set to reach Netherlands in coming week.· Large cargo from India loads early this week, with destination unclear.· Large cargo of Group III base oils loads from UAE in past week. Size of cargo suggests destination likely to be US.· Cargo of Group III base oils from UAE reaches India last week.· Cargo of Group III base oils from Bahrain set to reach India in coming week.· Cargo from Spain, likely of very light grades, reaches India over past week.· Cargo from Romania reaches India over past week.· Cargo of Group III base oils from Bahrain set to reach northwest Europe early this week.· Argentina takes delivery in past week of arbitrage Group I cargo from Greece.· Cargo from northwest Europe set to reach Nigeria in coming week.· Flow of arbitrage cargoes from Europe to Nigeria falls compared with end-2022/early 2023.· Kenya sees no base oil cargo arrivals for almost three months..Global base oils – week of March 13: Supply outlook
· Singapore’s weekly shipments to China surge last week to highest in more than a year.· Singapore’s shipments to China last week exceed island-state’s monthly exports to China over most of past year.· Taiwan’s base oils exports in first twelve days of March already exceed total February shipments – following delay of several February cargoes.· Large March-loading cargo from Taiwan with combination of very light, light and heavy grades expected to reach India over coming week.· Cargo of Group II heavy grades from Taiwan set to reach Netherlands in coming week.· Large cargo from India loads early this week, with destination unclear.· Large cargo of Group III base oils loads from UAE in past week. Size of cargo suggests destination likely to be US.· Cargo of Group III base oils from UAE reaches India last week.· Cargo of Group III base oils from Bahrain set to reach India in coming week.· Cargo from Spain, likely of very light grades, reaches India over past week.· Cargo from Romania reaches India over past week.· Cargo of Group III base oils from Bahrain set to reach northwest Europe early this week.· Argentina takes delivery in past week of arbitrage Group I cargo from Greece.· Cargo from northwest Europe set to reach Nigeria in coming week.· Flow of arbitrage cargoes from Europe to Nigeria falls compared with end-2022/early 2023.· Kenya sees no base oil cargo arrivals for almost three months..Global base oils – week of March 13: Supply outlook
