· Singapore’s base oils exports surge last week to highest in a month.· Singapore last week moves largest shipment to Japan in years.· Singapore’s re-exports rise last week to highest in more than ten months.· Rise in re-exports follows delivery of large volume of supplies from Netherlands in November and December.· Singapore sees pause in shipment arrivals from China last week for first time in more than a month.· Taiwan’s 1H January base oils shipments stay lower than usual, suggesting similar or steeper slowdown vs its December exports.· At least four cargoes set to reach Nigeria in 2H January, originating from northern Europe, northwest Europe and Mediterranean market.· Large cargo from South Korea, likely of Group III base oils, heads for Panama.· Two cargoes set off from Bahrain in first ten days of January, following wave of shipments in December.· Several December-loading cargoes from Bahrain scheduled to reach northwest Europe in 2H January.· December-loading cargo from Bahrain scheduled to reach US this week.· Cargo from Saudi Arabia set to reach Turkey in mid-January.· Cargo from UAE, likely of premium grades, reaches India in mid-January.· Another cargo from UAE already reached west-coast India in early January with term volumes, before continuing on to east-coast India.· Signs of pick-up in shipments from Saudi Arabia to India in January vs December volumes..Global base oils -week of Jan 16: Demand outlook
· Singapore’s base oils exports surge last week to highest in a month.· Singapore last week moves largest shipment to Japan in years.· Singapore’s re-exports rise last week to highest in more than ten months.· Rise in re-exports follows delivery of large volume of supplies from Netherlands in November and December.· Singapore sees pause in shipment arrivals from China last week for first time in more than a month.· Taiwan’s 1H January base oils shipments stay lower than usual, suggesting similar or steeper slowdown vs its December exports.· At least four cargoes set to reach Nigeria in 2H January, originating from northern Europe, northwest Europe and Mediterranean market.· Large cargo from South Korea, likely of Group III base oils, heads for Panama.· Two cargoes set off from Bahrain in first ten days of January, following wave of shipments in December.· Several December-loading cargoes from Bahrain scheduled to reach northwest Europe in 2H January.· December-loading cargo from Bahrain scheduled to reach US this week.· Cargo from Saudi Arabia set to reach Turkey in mid-January.· Cargo from UAE, likely of premium grades, reaches India in mid-January.· Another cargo from UAE already reached west-coast India in early January with term volumes, before continuing on to east-coast India.· Signs of pick-up in shipments from Saudi Arabia to India in January vs December volumes..Global base oils -week of Jan 16: Demand outlook
