Global base oils cargo flows: Week of 8 July

Global base oils cargo flows: Week of 8 July

·        Pick-up in Taiwan’s base oils shipments from H2 June 2024 extends into early July 2024.

·        Shipments consist mostly of light grades, with most of the supplies moving to southeast Asia.

·        Large cargo loads from Taiwan in late-June 2024, set to reach India this week.

·        Singapore takes delivery of more than 6,000-tonne shipment from Saudi Arabia at end-June/early July 2024.

·        Shipment is largest from Saudi Arabia to Singapore in more than a year.

·        Cargo loads from South Korea in H1 June 2024 before heading to Brazil, set to arrive in H2 July 2024.

·        Wave of end-May-loading shipments from South Korea reach US Gulf coast in past and coming week.

·        Subsequent shipments from South Korea to US show signs of falling sharply.

·        Cargo of Group III base oils loads from Bahrain in early July 2024 before heading to India, set to arrive in coming week.

·        Cargo loads from Saudi Arabia in late June 2024 before heading to Egypt, set to arrive this week.

·        Cargo loads from Saudi Arabia in H2 June 2024 before heading to South Africa via Suez Canal, set to arrive in H2 July 2024.

·        Other recent shipments from Saudi Arabia moved to their destinations via Red Sea.

·        Large cargo loads from Saudi Arabia in late June 2024 before heading to India, arrives at start of this week. 

·        Cargo loads from Saudi Arabia at end-June 2024 before heading to Singapore via Red Sea, set to arrive in H2 July 2024.

·        Cargo loads from Qatar at end-June 2024 before heading to India, set to arrive this week.

·        Cargo of Group I base oils loads from US east coast in early July 2024 before heading to northwest Europe, set to arrive next week.

·        Large cargo loads from US in early June 2024 before discharging some supplies in South Africa, then heads on to India, set to arrive this week.

·        Cargo loads from US Gulf coast in H1 June 2024 before heading to Morocco and then Turkey, set to arrive this week.

·        Cargo loads from US Gulf coast in early July 2024 before heading to South Africa, set to arrive at beginning of Aug 2024.

·        Large cargo loads from US Gulf coast in H2 June 2024 before heading to northwest Europe, set to arrive this week.

·        Cargo loads from northwest Europe at end-May before heading to India, set to arrive in coming week.

·        Cargo, likely of Russian origin, loads from Black Sea region in early July 2024 before heading to Jordan, set to arrive this week.

·        Several cargoes reach or set to reach Nigeria this week, after loading from Egypt and northwest Europe several weeks ago.

Global base oils cargo flows: Week of 8 July
Global base oils margins outlook: Week of 8 July
Global base oils cargo flows: Week of 8 July
Global base oils arb outlook: Week of 8 July
Global base oils cargo flows: Week of 8 July
Global base oils demand outlook: Week of 8 July

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