· Taiwan’s Group II base oils exports revive in early June 2024 compared with H2 May 2024.· Cargo of Group III base oils loads from Indonesia in early June 2024 before heading to northwest Europe, set to arrive in H2 July 2024.· Two more cargoes load from South Korea in late-May 2024 before heading to US Gulf coast, set to arrive in H1 July 2024.· Pick-up in cargoes points to rebound in shipments from South Korea reaching US in July 2024, following slowdown in May and June 2024.· Cargo loads from South Korea in H2 May 2024, set to reach UAE this week.· Several cargoes load from Saudi Arabia in late-May 2024, set to reach UAE in coming week.· Shipments would supplement already-high volumes in UAE.· Cargo loads from Saudi Arabia in late-May 2024, set to reach northwest Europe this week.· Cargo of Group III base oils loads from UAE at end-May 2024, reaches India at end of last week.· Cargo of Group III base oils loads from Bahrain at end-May 2024, reaches India in past week.· India’s imports of larger Group III cargoes from Bahrain have been infrequent in recent years.· Cargo of Group III base oils loads from Bahrain in H1 May 2024 before heading to US, set to arrive in early July 2024.· Large cargo of Group II base oils loads from US Gulf coast in early June 2024 before heading towards South Africa, set to arrive in H1 July 2024.· Size of cargo suggests a large portion of the shipment is bound for markets beyond South Africa.· Cargo of Group II base oils loads from US in mid-May 2024 before heading to India, set to arrive at end-June 2024.· Cargo, likely of Group I base oils, loads from US in early June 2024, set to reach northwest Europe this week.· Cargo loads from northwest Europe in past week before heading to South Africa, set to arrive in early July 2024..Global base oils arb outlook: Week of 10 June.Asia base oils demand outlook: Week of 10 June.Asia base oils supply outlook: Week of 10 June
· Taiwan’s Group II base oils exports revive in early June 2024 compared with H2 May 2024.· Cargo of Group III base oils loads from Indonesia in early June 2024 before heading to northwest Europe, set to arrive in H2 July 2024.· Two more cargoes load from South Korea in late-May 2024 before heading to US Gulf coast, set to arrive in H1 July 2024.· Pick-up in cargoes points to rebound in shipments from South Korea reaching US in July 2024, following slowdown in May and June 2024.· Cargo loads from South Korea in H2 May 2024, set to reach UAE this week.· Several cargoes load from Saudi Arabia in late-May 2024, set to reach UAE in coming week.· Shipments would supplement already-high volumes in UAE.· Cargo loads from Saudi Arabia in late-May 2024, set to reach northwest Europe this week.· Cargo of Group III base oils loads from UAE at end-May 2024, reaches India at end of last week.· Cargo of Group III base oils loads from Bahrain at end-May 2024, reaches India in past week.· India’s imports of larger Group III cargoes from Bahrain have been infrequent in recent years.· Cargo of Group III base oils loads from Bahrain in H1 May 2024 before heading to US, set to arrive in early July 2024.· Large cargo of Group II base oils loads from US Gulf coast in early June 2024 before heading towards South Africa, set to arrive in H1 July 2024.· Size of cargo suggests a large portion of the shipment is bound for markets beyond South Africa.· Cargo of Group II base oils loads from US in mid-May 2024 before heading to India, set to arrive at end-June 2024.· Cargo, likely of Group I base oils, loads from US in early June 2024, set to reach northwest Europe this week.· Cargo loads from northwest Europe in past week before heading to South Africa, set to arrive in early July 2024..Global base oils arb outlook: Week of 10 June.Asia base oils demand outlook: Week of 10 June.Asia base oils supply outlook: Week of 10 June
