· Cargo loadings from Taiwan stay slower in past week.· More muted activity repeats recent trend of slowdown in shipments in H1 each month, followed by rise in shipments in H2.· Singapore takes delivery of another shipment from Europe in past week.· Cargo loads from southern China at end-Nov 2024 before heading to India, arrives in recent days.· Cargo loads from South Korea in recent days before heading to US Gulf coast, set to arrive in H2 Jan 2025.· Volume of shipments from South Korea set to reach US Gulf coast in Jan 2025 remains low so far, even if higher than in Dec 2024.· Cargo of Group III base oils loads from UAE in H2 Nov 2024 before heading to US Gulf coast, set to arrive in early-Jan 2025.· Large cargo of very-light grade base oils loads from Spain in H1 Dec 2024 before heading to India, set to arrive around mid-Jan 2025.· Large cargo of premium-grade base oils loads from Spain in H1 Dec 2024 before heading to northwest Europe.· Shipment is second to northwest Europe since late-Nov 2024, pointing to resumption of regular flows.· Cargo loads from northwest Europe around mid-Nov 2024, set to reach Singapore next week.· Large cargo loads from US Gulf coast in past week before heading to South Africa, set to arrive in H1 Jan 2025.· Size of cargo suggests large portion of shipment likely bound for outlets beyond South Africa, such as UAE or India.· Cargo from US to Nigeria set to arrive next week after loading in early-Dec 2024.· Cargo set to load from US east coast in coming week; size of shipment suggests it is bound for market like Africa..Global base oils margins outlook: Week of 16 Dec.Global base oils arb outlook: Week of 16 Dec.Asia base oils supply outlook: Week of 16 Dec
· Cargo loadings from Taiwan stay slower in past week.· More muted activity repeats recent trend of slowdown in shipments in H1 each month, followed by rise in shipments in H2.· Singapore takes delivery of another shipment from Europe in past week.· Cargo loads from southern China at end-Nov 2024 before heading to India, arrives in recent days.· Cargo loads from South Korea in recent days before heading to US Gulf coast, set to arrive in H2 Jan 2025.· Volume of shipments from South Korea set to reach US Gulf coast in Jan 2025 remains low so far, even if higher than in Dec 2024.· Cargo of Group III base oils loads from UAE in H2 Nov 2024 before heading to US Gulf coast, set to arrive in early-Jan 2025.· Large cargo of very-light grade base oils loads from Spain in H1 Dec 2024 before heading to India, set to arrive around mid-Jan 2025.· Large cargo of premium-grade base oils loads from Spain in H1 Dec 2024 before heading to northwest Europe.· Shipment is second to northwest Europe since late-Nov 2024, pointing to resumption of regular flows.· Cargo loads from northwest Europe around mid-Nov 2024, set to reach Singapore next week.· Large cargo loads from US Gulf coast in past week before heading to South Africa, set to arrive in H1 Jan 2025.· Size of cargo suggests large portion of shipment likely bound for outlets beyond South Africa, such as UAE or India.· Cargo from US to Nigeria set to arrive next week after loading in early-Dec 2024.· Cargo set to load from US east coast in coming week; size of shipment suggests it is bound for market like Africa..Global base oils margins outlook: Week of 16 Dec.Global base oils arb outlook: Week of 16 Dec.Asia base oils supply outlook: Week of 16 Dec
