· Taiwan’s base oils export volumes stay lower than usual so far in March 2024.· Singapore takes delivery in past week of cargo that loaded from Saudi Arabia in early Feb 2024 before moving first to India via Red Sea.· Subsequent February-loading cargo from Saudi Arabia moves to India via western Africa. · Cargo of Group III base oils loads from Indonesia in past week before heading to northwest Europe, set to arrive in H1 April 2024.· Large cargo loads from South Korea at end-Jan 2024, set to reach US Gulf coast in coming week.· Several cargoes from South Korea reach or set to reach UAE during March 2024.· Cargo loads from South Korea in past week before heading towards Mexico, set to arrive in H1 April 2024.· Slowdown in cargo loadings from Saudi Arabia shows signs of extending into March 2024.· Cargo loads from Saudi Arabia in recent days, with destination unclear.· Cargo from Bahrain set to reach US Gulf coast early next week, after loading in H2 Jan 2024.· Cargo of Group III base oils loads from UAE in past week before heading to US Gulf coast, set to arrive in H1 April 2024.· Cargo of Group III base oils loads from UAE in H2 Jan 2024, reaches US Gulf coast in past week.· Cargo of Group II base oils from US Gulf coast set to reach Nigeria this week.· Several cargoes load from US Gulf coast in H2 Feb 2024 before heading towards South Africa, set to arrive in H2 March 2024 and H1 April 2024.· Cargo of very light grades loads from Spain at end-Feb 2024, likely to reach India in Apr 2024.· Netherlands and Belgium take delivery of several Group III cargoes from Indonesia and Bahrain at end of last week..Global base oils margins outlook: Week of March 11.Global base oils demand outlook: Week of March 11.Global base oils arb outlook: Week of March 11
· Taiwan’s base oils export volumes stay lower than usual so far in March 2024.· Singapore takes delivery in past week of cargo that loaded from Saudi Arabia in early Feb 2024 before moving first to India via Red Sea.· Subsequent February-loading cargo from Saudi Arabia moves to India via western Africa. · Cargo of Group III base oils loads from Indonesia in past week before heading to northwest Europe, set to arrive in H1 April 2024.· Large cargo loads from South Korea at end-Jan 2024, set to reach US Gulf coast in coming week.· Several cargoes from South Korea reach or set to reach UAE during March 2024.· Cargo loads from South Korea in past week before heading towards Mexico, set to arrive in H1 April 2024.· Slowdown in cargo loadings from Saudi Arabia shows signs of extending into March 2024.· Cargo loads from Saudi Arabia in recent days, with destination unclear.· Cargo from Bahrain set to reach US Gulf coast early next week, after loading in H2 Jan 2024.· Cargo of Group III base oils loads from UAE in past week before heading to US Gulf coast, set to arrive in H1 April 2024.· Cargo of Group III base oils loads from UAE in H2 Jan 2024, reaches US Gulf coast in past week.· Cargo of Group II base oils from US Gulf coast set to reach Nigeria this week.· Several cargoes load from US Gulf coast in H2 Feb 2024 before heading towards South Africa, set to arrive in H2 March 2024 and H1 April 2024.· Cargo of very light grades loads from Spain at end-Feb 2024, likely to reach India in Apr 2024.· Netherlands and Belgium take delivery of several Group III cargoes from Indonesia and Bahrain at end of last week..Global base oils margins outlook: Week of March 11.Global base oils demand outlook: Week of March 11.Global base oils arb outlook: Week of March 11
