Global base oils -week of Nov 14: Cargo flows

·        Nigeria set to take delivery of larger-than-usual volume of supplies in November.

·        Nigeria-bound cargoes originate from Europe and US, likely Group I base oils.

·        Shipment from Saudi Arabia set to reach South Africa over coming week.

·        Arbitrage shipment from South Korea reaches Argentina in 1H Nov, likely Group II base oils.

·        Large shipment from UAE set to reach US in 2H November, likely Group III base oils.

·        November-loading shipment from Pakistan set to reach Mideast Gulf in 1H Nov, likely bright stock.

·        Signs of slowdown in shipments from Bahrain in October.

·        Shipment from Saudi Arabia set to reach France in 2H November.

·        India set to take delivery of cargo from Netherlands in coming days.

·        India takes delivery of large cargo from Saudi Arabia in 1H November.

·        Taiwan Group II exports large volume in 1H Nov, outpacing 1H Oct levels.

·        5,000t Group II cargo from Taiwan set to reach Singapore this week.

·        Shipment from Saudi Arabia likely to reach Singapore over coming week.

·        Cargo from UAE reaches China over past week, likely Group III base oils.

·        Singapore’s base oils exports last week include infrequent cargo to Netherlands – largest since early July.

·        Singapore’s base oils imports last week include larger cargo from Japan.