· Taiwan sees pick-up in cargo shipments in last week of June 2024.· Most of Taiwan’s base oils shipments in H2 June 2024 move to Singapore, with some supplies moving on to India.· Taiwan’s shipments of heavy grades show signs of rising in June 2024, outpacing light grades.· Singapore takes delivery of cargoes from Italy and Saudi Arabia in past week.· Cargo from Italy is first in a month.· Cargo from Saudi Arabia is largest since Feb 2024.· Singapore takes delivery in past week of first shipment from Bahrain since Q3 2022.· Cargoes from South Korea show signs of slowing in June 2024 from May 2024, with sharp fall in shipments to US.· Cargo loads from South Korea at end-May 2024, set to reach US Gulf coast this week.· Cargo of Group III base oils loads from Bahrain in late June 2024 before heading to northwest Europe, scheduled to arrive in H2 July 2024.· Cargo of Group III base oils loads from UAE in H2 June 2024, reaches west-coast India at end-June 2024 before heading to east-coast India.· Cargo loads from Saudi Arabia in H2 June before heading to India, set to arrive in early July 2024.· Cargo loads from Saudi Arabia in H2 June 2024 before heading to northwest Europe, set to arrive in coming week.· Cargo loads from Saudi Arabia in H2 June 2024 before heading to Jordan, set to arrive this week.· India sees pick-up in shipments from Qatar and Russia in June 2024.· Cargo, likely of very light grades, loads from Spain in late-June 2024 before heading to India, likely to arrive in Aug 2024.· Several cargoes load from northwest Europe in H2 June 2024 before heading to Nigeria, with shipments set to arrive last week and this week.· Cargo loads from northwest Europe in H1 June 2024, set to reach South Africa this week.· Cargo loadings from US show signs of rising in June 2024 from May 2024, with pick-up in shipments to Europe.· Cargo loads from US Gulf coast in H1 June 2024, set to reach South Africa this week..Global base oils margins outlook: Week of 1 July.Global base oils arb outlook: Week of 1 July
· Taiwan sees pick-up in cargo shipments in last week of June 2024.· Most of Taiwan’s base oils shipments in H2 June 2024 move to Singapore, with some supplies moving on to India.· Taiwan’s shipments of heavy grades show signs of rising in June 2024, outpacing light grades.· Singapore takes delivery of cargoes from Italy and Saudi Arabia in past week.· Cargo from Italy is first in a month.· Cargo from Saudi Arabia is largest since Feb 2024.· Singapore takes delivery in past week of first shipment from Bahrain since Q3 2022.· Cargoes from South Korea show signs of slowing in June 2024 from May 2024, with sharp fall in shipments to US.· Cargo loads from South Korea at end-May 2024, set to reach US Gulf coast this week.· Cargo of Group III base oils loads from Bahrain in late June 2024 before heading to northwest Europe, scheduled to arrive in H2 July 2024.· Cargo of Group III base oils loads from UAE in H2 June 2024, reaches west-coast India at end-June 2024 before heading to east-coast India.· Cargo loads from Saudi Arabia in H2 June before heading to India, set to arrive in early July 2024.· Cargo loads from Saudi Arabia in H2 June 2024 before heading to northwest Europe, set to arrive in coming week.· Cargo loads from Saudi Arabia in H2 June 2024 before heading to Jordan, set to arrive this week.· India sees pick-up in shipments from Qatar and Russia in June 2024.· Cargo, likely of very light grades, loads from Spain in late-June 2024 before heading to India, likely to arrive in Aug 2024.· Several cargoes load from northwest Europe in H2 June 2024 before heading to Nigeria, with shipments set to arrive last week and this week.· Cargo loads from northwest Europe in H1 June 2024, set to reach South Africa this week.· Cargo loadings from US show signs of rising in June 2024 from May 2024, with pick-up in shipments to Europe.· Cargo loads from US Gulf coast in H1 June 2024, set to reach South Africa this week..Global base oils margins outlook: Week of 1 July.Global base oils arb outlook: Week of 1 July
