· Taiwan’s Group II base oils exports exceed 32,000 tonnes in H2 March 2024.· Heavy grades account for larger share of the shipments.· More than half the volume moves to China.· Shipments include large cargo bound for India, set to arrive around mid-April 2024.· Singapore takes delivery of cargo from Japan last week.· Shipment is first from Japan to Singapore since Oct 2023.· Singapore takes delivery of swathe of shipments from Qatar and Hong Kong last week and through March 2024.· Cargo loads from South Korea in H2 March 2024 before heading to US Gulf coast, set to arrive in late April 2024.· Cargo loads from South Korea in H1 Feb 2024, set to reach US Gulf coast in coming week.· Cargo of Group III base oils loads from Indonesia in early March 2024, set to reach northwest Europe in H1 April 2024.· Large cargo of Group III base oils loads from Bahrain in H2 March 2024 before heading towards southern Africa; final destination unclear. · Cargo of Group III base oils loads from Bahrain in H1 March 2024 before heading towards southern Africa; final destination unclear.· Cargo of Group III base oils loads from Bahrain in H1 March 2024, set to reach US in H2 April 2024.· Cargo of Group I base oils loads from Saudi Arabia in H1 Feb 2024, reaches India in past week.· Cargo loads from Saudi Arabia at end-March 2024 before heading to UAE via Red Sea, set to arrive in coming week.· Cargo loads from Saudi Arabia in late-March 2024 before heading to Jordan.· Large cargo loads from Qatar in late March 2024, set to reach India in early April 2024.· Large cargo loads from northwest Europe in mid-March 2024, set to reach Ghana in mid-April 2024.· Large cargo, likely of very-light grades, loads from Spain at end-March 2024, likely bound for India.· Cargo of Group II base oils loads from US Gulf coast in H1 March 2024, set to reach South Africa this week before heading on to India.· Cargo of Group II base oils loads from US Gulf coast in H2 Feb 2024, reaches Mombasa at end-March 2024.· Before this cargo, most recent Kenya-bound shipment from US, consisting of more than 500t, reached the East African country in mid-2022.· Cargo then continues on to India, set to arrive in coming week.· Cargo of Group II base oils loads from US Gulf coast in H2 Feb 2024, set to reach Mideast Gulf in coming week..Global base oils margins outlook - week of April 1.Global base oils arb outlook: Week of April 1.Global base oils demand outlook - week of April 1
· Taiwan’s Group II base oils exports exceed 32,000 tonnes in H2 March 2024.· Heavy grades account for larger share of the shipments.· More than half the volume moves to China.· Shipments include large cargo bound for India, set to arrive around mid-April 2024.· Singapore takes delivery of cargo from Japan last week.· Shipment is first from Japan to Singapore since Oct 2023.· Singapore takes delivery of swathe of shipments from Qatar and Hong Kong last week and through March 2024.· Cargo loads from South Korea in H2 March 2024 before heading to US Gulf coast, set to arrive in late April 2024.· Cargo loads from South Korea in H1 Feb 2024, set to reach US Gulf coast in coming week.· Cargo of Group III base oils loads from Indonesia in early March 2024, set to reach northwest Europe in H1 April 2024.· Large cargo of Group III base oils loads from Bahrain in H2 March 2024 before heading towards southern Africa; final destination unclear. · Cargo of Group III base oils loads from Bahrain in H1 March 2024 before heading towards southern Africa; final destination unclear.· Cargo of Group III base oils loads from Bahrain in H1 March 2024, set to reach US in H2 April 2024.· Cargo of Group I base oils loads from Saudi Arabia in H1 Feb 2024, reaches India in past week.· Cargo loads from Saudi Arabia at end-March 2024 before heading to UAE via Red Sea, set to arrive in coming week.· Cargo loads from Saudi Arabia in late-March 2024 before heading to Jordan.· Large cargo loads from Qatar in late March 2024, set to reach India in early April 2024.· Large cargo loads from northwest Europe in mid-March 2024, set to reach Ghana in mid-April 2024.· Large cargo, likely of very-light grades, loads from Spain at end-March 2024, likely bound for India.· Cargo of Group II base oils loads from US Gulf coast in H1 March 2024, set to reach South Africa this week before heading on to India.· Cargo of Group II base oils loads from US Gulf coast in H2 Feb 2024, reaches Mombasa at end-March 2024.· Before this cargo, most recent Kenya-bound shipment from US, consisting of more than 500t, reached the East African country in mid-2022.· Cargo then continues on to India, set to arrive in coming week.· Cargo of Group II base oils loads from US Gulf coast in H2 Feb 2024, set to reach Mideast Gulf in coming week..Global base oils margins outlook - week of April 1.Global base oils arb outlook: Week of April 1.Global base oils demand outlook - week of April 1