Global base oils cargo flows: Week of 15 April

·        Taiwan’s Group II base oils cargo loadings hold steady in H1 April 2024.

·        Most of Taiwan’s Group II shipments in H1 April 2024 lined up to move to China.

·        Most of Taiwan’s Group II shipments in H1 April 2024 consist of light-grade base oils.

·        Slowdown in South Korea’s base oils shipments to US shows signs of extending into April 2024.

·        Cargo loads from South Korea in early April before heading to UAE, set to arrive in early May 2024.

·        Large cargo of Group III base oils loads from Indonesia in early April bound for northwest Europe, set to arrive around mid-May 2024.

·        Cargo loads from Saudi Arabia at end-March 2024, set to reach India this week.

·        Cargo loads from Saudi Arabia in recent days before heading to UAE, set to arrive in early May 2024.

·        Cargo of Group III base oils from UAE set to reach US Gulf coast next week.

·        Cargo of very-light grades from Spain set to reach India this week, after voyage via southern Africa.

·        Cargo of Group II base oils from US Gulf coast loads in H1 March 2024, set to reach India next week.

·        Cargo of Group II base oils from US loads in H2 Feb 2024, reaches India in past week.

·        Large cargo of Group II base oils from US loads in early April, set to reach South Africa in early May 2024.

·        Size of shipment suggests it could then move on to other outlets like India.

·        Cargo of Group I base oils loads from US in early April 2024, set to reach Morocco in coming days.

·        Cargo of Group II base oils loads from US Gulf coast in H1 March 2024 bound for Kenya, set to arrive next week.

·        Cargo would be second large shipment from US to reach Kenya in as many months.

·        Cargo loads from northwest Europe in H1 March 2024 bound for Kenya, set to arrive this week.