Global base oils - week of May 8: Cargo flows

US arb shipment reaches Nigeria
Global base oils - week of May 8: Cargo flows
Published on

·        Singapore’s shipments to overseas markets stay unusually low in week to 3 May for second week, pointing to factors such as plant maintenance work.

·        Singapore exports almost no base oils to India last week, extending sharp slowdown in shipments to the country.

·        Singapore takes delivery of large cargo from Qatar in week to 3 May, adding to rebound in supplies from 2H April.

·        Singapore sees pause in shipments from Japan for second week in week to 3 May – following wave of imports during previous month.

·        Taiwan’s shipments rise in past week, with supplies mostly moving to southeast Asia.

·        Most of the volume bound for southeast Asia consists of Group II light grades.

·        Cargo of South Korea origin, likely of Group II base oils, set to reach US West coast this week.

·        Several large cargoes of South Korean origin, likely of Group III base oils, reach US in recent days.

·        Cargo of premium grades from Malaysia likely to reach Europe in 2H May.

·        Cargo of premium grades loads from UAE at start of this week; destination unclear.

·        Cargo of premium grades from UAE loads last week, likely bound for China.

·        Cargo of premium grades from UAE loads at end-April, set to reach northern Europe in 2H May.

·        Cargo of premium grades from UAE set to reach US Gulf coast in coming week.

·        Cargo of premium grades from Bahrain set to reach US East Coast in coming week.

·        Large cargo, likely of very-light grades, loads from Spain at end-April, likely to reach India in 2H May.

·        Cargo of Group II base oils of US origin set to reach India in mid-May.

·        Large cargo from US reaches Nigeria in recent days.

·        Large cargo from Saudi Arabia set to reach India in coming days.

Global base oils - week of May 8: Cargo flows
Americas/EMEA base oils - week of May 8: Supply outlook

Related Stories

No stories found.
logo
Baseoilnews.com
www.baseoilnews.com