· Taiwan’s cargo loadings hold steady in H1 Jan 2025, with shipments mostly moving to southeast Asia.· Singapore takes delivery over past week of second cargo from Russia in less than a month.· Singapore takes delivery of large cargo of premium-grade base oils from Qatar in past week, following slowdown in shipments from Qatar in Q4 2024.· Singapore takes delivery of another cargo from Netherlands in past week.· Cargo of Group III base oils loads from Indonesia in early-Jan 2025 before heading to northwest Europe, set to arrive in H2 Feb 2025.· Cargo loadings from South Korea to US stay lower in recent weeks, with most recent large shipment loading in H1 Dec 2024.· Large cargo of Group III base oils loads from UAE in H1 Dec 2024 before heading to US, set to arrive in about a week.· Cargo also includes supplies from Bahrain.· Large cargo of very-light-grade base oils loads from Spain in early Dec 2024 before heading to India, set to arrive in coming week.· Cargo of premium-grade base oils loads from Spain in recent days before heading to northwest Europe.· Cargo is first such shipment from Spain to northwest Europe in more than a month.· Large cargo loads from US in H1 Nov 2024 before heading to India, set to arrive this week.· Cargo loads from US in H1 Dec 2024 before heading to India, set to arrive in H2 Jan 2025.· Large cargo loads from US in past week before heading to South Africa.· Size of cargo suggests large portion of the shipment likely bound for other markets like India or Middle East.· Cargo loads from US in H2 Dec 2024 before heading to Nigeria, set to arrive in coming days..Global base oils margins outlook: Week of 13 Jan.Global base oils arb outlook: Week of 13 Jan.Asia base oils supply outlook: Week of 13 Jan
· Taiwan’s cargo loadings hold steady in H1 Jan 2025, with shipments mostly moving to southeast Asia.· Singapore takes delivery over past week of second cargo from Russia in less than a month.· Singapore takes delivery of large cargo of premium-grade base oils from Qatar in past week, following slowdown in shipments from Qatar in Q4 2024.· Singapore takes delivery of another cargo from Netherlands in past week.· Cargo of Group III base oils loads from Indonesia in early-Jan 2025 before heading to northwest Europe, set to arrive in H2 Feb 2025.· Cargo loadings from South Korea to US stay lower in recent weeks, with most recent large shipment loading in H1 Dec 2024.· Large cargo of Group III base oils loads from UAE in H1 Dec 2024 before heading to US, set to arrive in about a week.· Cargo also includes supplies from Bahrain.· Large cargo of very-light-grade base oils loads from Spain in early Dec 2024 before heading to India, set to arrive in coming week.· Cargo of premium-grade base oils loads from Spain in recent days before heading to northwest Europe.· Cargo is first such shipment from Spain to northwest Europe in more than a month.· Large cargo loads from US in H1 Nov 2024 before heading to India, set to arrive this week.· Cargo loads from US in H1 Dec 2024 before heading to India, set to arrive in H2 Jan 2025.· Large cargo loads from US in past week before heading to South Africa.· Size of cargo suggests large portion of the shipment likely bound for other markets like India or Middle East.· Cargo loads from US in H2 Dec 2024 before heading to Nigeria, set to arrive in coming days..Global base oils margins outlook: Week of 13 Jan.Global base oils arb outlook: Week of 13 Jan.Asia base oils supply outlook: Week of 13 Jan
