· Singapore takes delivery of rare shipment from Italy in past week.· Singapore last took delivery of cargo from Italy more than two years ago.· Another cargo of Group I base oils loads from Italy at end-Oct 2023 before heading to southeast Asia, set to arrive around mid-Nov 2023.· Singapore takes delivery of more supplies from US in past week.· Singapore’s base oils imports from US in October likely to be largest in more than two years.· Singapore takes delivery of largest weekly shipment from China in past week in more than a year.· Slump in shipments from Taiwan continues to end-Oct 2023 as plant maintenance work cuts supply.· Arrival in US of cargoes from South Korea shows signs of slipping in Nov 2023 from Oct 2023, holding firmer than in Aug 2023. · Cargo from South Korea set to reach Turkey in 1H Nov 2023.· Cargo of Group III base oils from Indonesia set to reach northwest Europe at start of this week.· Large cargo loads from Saudi Arabia in past week, set to reach India in early Nov 2023.· Cargo of Group III base oils loads from Bahrain in 2H Oct 2023, set to reach northwest Europe in 2H Nov 2023.· Cargo of Group III base oils from Bahrain set to reach US Gulf coast in coming week.· Large cargo of Group III base oils loads from UAE in mid-Oct 2023, likely bound for US.· Large cargo of premium-grade base oils loads from Spain at end of last week before heading to northwest Europe.· Another end-Oct 2023 cargo from Spain likely to move to India.· Even with the shipments, premium-grade exports from Spain show signs of falling in Oct 2023 from previous month..Global base oils - week of Oct 30: Price outlook - arbitrage
· Singapore takes delivery of rare shipment from Italy in past week.· Singapore last took delivery of cargo from Italy more than two years ago.· Another cargo of Group I base oils loads from Italy at end-Oct 2023 before heading to southeast Asia, set to arrive around mid-Nov 2023.· Singapore takes delivery of more supplies from US in past week.· Singapore’s base oils imports from US in October likely to be largest in more than two years.· Singapore takes delivery of largest weekly shipment from China in past week in more than a year.· Slump in shipments from Taiwan continues to end-Oct 2023 as plant maintenance work cuts supply.· Arrival in US of cargoes from South Korea shows signs of slipping in Nov 2023 from Oct 2023, holding firmer than in Aug 2023. · Cargo from South Korea set to reach Turkey in 1H Nov 2023.· Cargo of Group III base oils from Indonesia set to reach northwest Europe at start of this week.· Large cargo loads from Saudi Arabia in past week, set to reach India in early Nov 2023.· Cargo of Group III base oils loads from Bahrain in 2H Oct 2023, set to reach northwest Europe in 2H Nov 2023.· Cargo of Group III base oils from Bahrain set to reach US Gulf coast in coming week.· Large cargo of Group III base oils loads from UAE in mid-Oct 2023, likely bound for US.· Large cargo of premium-grade base oils loads from Spain at end of last week before heading to northwest Europe.· Another end-Oct 2023 cargo from Spain likely to move to India.· Even with the shipments, premium-grade exports from Spain show signs of falling in Oct 2023 from previous month..Global base oils - week of Oct 30: Price outlook - arbitrage