· Singapore’s weekly shipments to Indonesia rebound last week to three-month high.· Singapore takes delivery of another cargo from Saudi Arabia over the past week, likely consisting of bright stock.· Taiwan’s May-loading shipments far exceed April levels, return to more typical levels.· Taiwan’s May light-grade shipments outpace heavy-grade cargoes.· Several large April-loading cargoes from South Korea set to reach Panama in coming week.· Large cargo, likely of Group III base oils, loads from South Korea last week before heading to Panama.· Relative dearth of May-loading cargoes from South Korea to Panama point to slowdown in Group III shipments to US.· Wave of shipments from South Korea set to reach West coast India in coming week.· Large cargo loads from Saudi Arabia in past week, heads for Bosphorus Strait.· Large cargo from Saudi Arabia, likely of Group II base oils, reaches UAE at start of this week.· Large cargo of Group III base oils loads from Bahrain last week, likely bound for Europe or US.· Another cargo from Bahrain reached northwest Europe in past week.· Another cargo from Bahrain set to reach US Gulf coast this week.· Large cargo from Malaysia, like of Group III base oils, reaches northwest Europe in past week.· Large cargo from UAE, likely of Group III base oils, loads from UAE in 1H May, set to reach US Gulf coast in mid-June.· Another cargo from UAE set to reach northwest Europe at start of this week.· Cargo from Qatar reaches India in past week.· Cargo of Group II base oils from US set to reach Argentina in coming week.· Large cargo from Spain set to reach India early this week.· Cargo loads from Kaliningrad in past week, likely bound for Turkey.· Cargo from northwest Europe set to reach Nigeria at start of this week.· Cargo, likely of Group I base oils, loads from US last week before heading to Nigeria.· Cargoes adds to shipments from US, Italy, Russia and Asia reaching Nigeria in May..Global base oils - week of May 29: Price outlook - arbitrage
· Singapore’s weekly shipments to Indonesia rebound last week to three-month high.· Singapore takes delivery of another cargo from Saudi Arabia over the past week, likely consisting of bright stock.· Taiwan’s May-loading shipments far exceed April levels, return to more typical levels.· Taiwan’s May light-grade shipments outpace heavy-grade cargoes.· Several large April-loading cargoes from South Korea set to reach Panama in coming week.· Large cargo, likely of Group III base oils, loads from South Korea last week before heading to Panama.· Relative dearth of May-loading cargoes from South Korea to Panama point to slowdown in Group III shipments to US.· Wave of shipments from South Korea set to reach West coast India in coming week.· Large cargo loads from Saudi Arabia in past week, heads for Bosphorus Strait.· Large cargo from Saudi Arabia, likely of Group II base oils, reaches UAE at start of this week.· Large cargo of Group III base oils loads from Bahrain last week, likely bound for Europe or US.· Another cargo from Bahrain reached northwest Europe in past week.· Another cargo from Bahrain set to reach US Gulf coast this week.· Large cargo from Malaysia, like of Group III base oils, reaches northwest Europe in past week.· Large cargo from UAE, likely of Group III base oils, loads from UAE in 1H May, set to reach US Gulf coast in mid-June.· Another cargo from UAE set to reach northwest Europe at start of this week.· Cargo from Qatar reaches India in past week.· Cargo of Group II base oils from US set to reach Argentina in coming week.· Large cargo from Spain set to reach India early this week.· Cargo loads from Kaliningrad in past week, likely bound for Turkey.· Cargo from northwest Europe set to reach Nigeria at start of this week.· Cargo, likely of Group I base oils, loads from US last week before heading to Nigeria.· Cargoes adds to shipments from US, Italy, Russia and Asia reaching Nigeria in May..Global base oils - week of May 29: Price outlook - arbitrage