· Group II shipments from Taiwan surge in past week, with most cargoes moving to China.· Exports from Taiwan already exceed 30,000t so far in Jan 2024; light grades account for more of the supplies.· Cargo loads from South Korea in 1H Dec 2023, set to reach US Gulf coast in coming week.· Cargo of Group III base oils from UAE reaches India in recent days.· Cargo of Group III base oils from UAE set to reach US at end-Jan 2024.· Cargo of Group III base oils from Bahrain set to reach Spain in coming days.· Cargo loads from Saudi Arabia in early Jan 2024, set to reach Spain in coming week.· Cargo loads from Saudi Arabia in late Dec 2023, reaches France in recent days.· Cargo loads from Saudi Arabia at start of Jan 2024, reaches Egypt in past week.· Cargo loads from Saudi Arabia in past week, set to reach UAE next week.· Cargo, likely of very light-grade base oils, loads from Spain in early Jan 2024 before heading to India.· Shipment shows signs of moving to India via southern Africa rather than via Suez Canal.· Cargo of Group I base oils loads from Italy in past week, set to reach Saudi Arabia by early next week.· Cargo of US origin scheduled to reach South Africa in late-Jan 2024, likely includes supplies bound for India..Global base oils - week of Jan 15: Price outlook - arbitrage.Global base oils - week of Jan 15: Price outlook - margins.Global base oils - week of Jan 15: Demand outlook
· Group II shipments from Taiwan surge in past week, with most cargoes moving to China.· Exports from Taiwan already exceed 30,000t so far in Jan 2024; light grades account for more of the supplies.· Cargo loads from South Korea in 1H Dec 2023, set to reach US Gulf coast in coming week.· Cargo of Group III base oils from UAE reaches India in recent days.· Cargo of Group III base oils from UAE set to reach US at end-Jan 2024.· Cargo of Group III base oils from Bahrain set to reach Spain in coming days.· Cargo loads from Saudi Arabia in early Jan 2024, set to reach Spain in coming week.· Cargo loads from Saudi Arabia in late Dec 2023, reaches France in recent days.· Cargo loads from Saudi Arabia at start of Jan 2024, reaches Egypt in past week.· Cargo loads from Saudi Arabia in past week, set to reach UAE next week.· Cargo, likely of very light-grade base oils, loads from Spain in early Jan 2024 before heading to India.· Shipment shows signs of moving to India via southern Africa rather than via Suez Canal.· Cargo of Group I base oils loads from Italy in past week, set to reach Saudi Arabia by early next week.· Cargo of US origin scheduled to reach South Africa in late-Jan 2024, likely includes supplies bound for India..Global base oils - week of Jan 15: Price outlook - arbitrage.Global base oils - week of Jan 15: Price outlook - margins.Global base oils - week of Jan 15: Demand outlook