Global base oils cargo flows: Week of 19 Aug

·        Several Group II cargoes load from Taiwan in past week, mostly bound for China.

·        Volume of shipments lags July 2024 levels, although more supplies are moving to China.

·        Large cargo loads from South Korea in H2 July 2024 before heading to US Gulf coast, set to arrive in coming week.

·        Cargo loads from South Korea in early July 2024 before heading to US east coast, set to arrive by end-Aug 2024.

·        Cargo loads from South Korea in late July 2024 before heading to UAE via India, set to arrive in coming week.

·        Cargo loads from South Korea in H2 July 2024 before heading to Brazil, set to arrive in early Sep 2024.

·        Cargo of Group III base oils loads from Bahrain in H1 Aug 2024 before heading to India, set to arrive in coming week.

·        Cargo of Group III base oils loads from Bahrain in early-July 2024 before heading to northwest Europe, set to arrive this week.

·        Cargo of Group III base oils loads from Bahrain in late-Jun 2024 before heading to northwest Europe, set to arrive this week.

·        Cargo of Group III base oils loads from UAE in H2 July 2024 before heading to northwest Europe via Suez Canal, set to arrive this week.

·        Cargo of Group III base oils loads from southeast Asia in early-July 2024 before heading to northwest Europe, set to arrive by end-Aug 2024.

·        Several cargoes load from Saudi Arabia in H1 Aug 2024 before moving to UAE, set to arrive this week.

·        Several cargoes load from Saudi Arabia in H2 July 2024 before heading to South Africa, set to arrive by end-Aug 2024.

·        Cargo loads from Saudi Arabia in H2 July 2024 before heading to US Gulf coast, arrives this week.

·        Cargo loads from Saudi Arabia in early Aug 2024 before heading to India, set to arrive this week.

·        Cargo loads from Saudi Arabia in recent days before heading to India, set to arrive at end-Aug 2024.

·        Cargo of Group I base oils loads from Europe at end-July 2024 before heading to Singapore, set to arrive in mid-Sep 2024.

·        Cargo loads from northwest Europe in early-Aug 2024 before heading to South Africa, set to arrive in early Sep 2024.

·        Cargo loads from Baltic region in H2 July 2024 before heading to Nigeria, set to arrive this week.

·        Several cargoes load from Europe in recent weeks before heading to Nigeria, set to arrive by end-Aug 2024.

·        Cargo of Group I base oils loads from US east coast in mid-Aug 2024 before heading to Nigeria, set to arrive in early-Sep 2024.

·        Cargo loads from US Gulf coast in mid-Aug 2024 before heading towards South Africa, set to arrive around mid-Sep 2024.

·        Size of cargo suggests portion of shipment likely bound for other markets beyond South Africa.