Singapore’s base oils exports over the past week included an unusual shipment to Nigeria.Total base oils exports of more than 33,000t in the week to September 27 rose from last week but remained below typical volumes of around 37,000 t/week over the past year.The exports included a cargo of more than 8,000t bound for Nigeria, government data showed.The last time a large cargo moved from Singapore to the West African country was in 2019.Since then, exports to Nigeria have been sporadic and typically less than 100 t/month.The rarity of the shipments partly reflected the availability of supplies from other more nearby sources such as the US and especially Europe, and the lower freight costs for those supplies.This week’s Nigeria-bound cargo followed a pause in US shipments to the country since August and a lack of spot volumes from Europe for several months. .Europe’s July exports to Nigeria slump
Singapore’s base oils exports over the past week included an unusual shipment to Nigeria.Total base oils exports of more than 33,000t in the week to September 27 rose from last week but remained below typical volumes of around 37,000 t/week over the past year.The exports included a cargo of more than 8,000t bound for Nigeria, government data showed.The last time a large cargo moved from Singapore to the West African country was in 2019.Since then, exports to Nigeria have been sporadic and typically less than 100 t/month.The rarity of the shipments partly reflected the availability of supplies from other more nearby sources such as the US and especially Europe, and the lower freight costs for those supplies.This week’s Nigeria-bound cargo followed a pause in US shipments to the country since August and a lack of spot volumes from Europe for several months. .Europe’s July exports to Nigeria slump