Global base oils cargo flows: 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.