· Several cargoes of Group II base oils load from Taiwan in recent days – shipments are first in almost two weeks.· Large cargo of Group II base oils with combination of very-light, light and heavy grades loads from Taiwan in early Feb 2024; set to reach India at start of this week.· Wave of Group II cargoes load from Taiwan in Jan 2024 bound for UAE; some supplies arrive in 1H Feb 2024.· Volume of cargoes from South Korea scheduled to reach US in March 2024 set to fall sharply from Jan 2024 and Feb 2024.· Cargo loads from South Korea in 2H Jan 2024, set to reach Mideast Gulf at start of March 2024.· Cargo of Group I base oils loads from Saudi Arabia in 1H Feb 2024, set to reach Europe in coming week.· Several cargoes load from Saudi Arabia at end-Jan/early Feb 2024 before heading to India via Red Sea; cargoes set to arrive in 2H Feb 2024.· Cargo loads from Saudi Arabia in 1H Jan 2024, set to reach South Africa by end-Feb 2024, following shipment via Suez Canal and western Africa.· Cargo of Group III base oils loads from Bahrain in 2H Jan 2024, set to reach US Gulf coast in 2H March 2024 following shipment via southern Africa.· Cargo of Group III base oils loads from Bahrain in 2H Jan 2024, set to reach Europe in coming week following shipment via southern Africa.· Cargo of Group III base oils loads from UAE in 2H Jan 2024, set to reach US Gulf coast in 1H March 2024 following shipment via southern Africa.· Cargo of Group III base oils loads from Indonesia in 2H Jan 2024, set to reach Europe in coming week.· Cargo of Group II base oils loads from US Gulf coast at end-Jan 2024, set to reach Egypt in coming week.· Cargo of Group I and Group II base oils loads from US in recent weeks before heading to Nigeria; set to arrive in early March 2024.· Cargo of Group I base oils loads from Italy in early Feb 2024, set to reach Nigeria by month-end.· Several large cargoes load from northwest Europe in late-Jan 2024, set to reach South Africa over coming week..Global base oils - week of Feb 19: Price outlook - arbitrage.Global base oils - week of Feb 19: Price outlook - margins.Global base oils - week of Feb 19: Demand outlook
· Several cargoes of Group II base oils load from Taiwan in recent days – shipments are first in almost two weeks.· Large cargo of Group II base oils with combination of very-light, light and heavy grades loads from Taiwan in early Feb 2024; set to reach India at start of this week.· Wave of Group II cargoes load from Taiwan in Jan 2024 bound for UAE; some supplies arrive in 1H Feb 2024.· Volume of cargoes from South Korea scheduled to reach US in March 2024 set to fall sharply from Jan 2024 and Feb 2024.· Cargo loads from South Korea in 2H Jan 2024, set to reach Mideast Gulf at start of March 2024.· Cargo of Group I base oils loads from Saudi Arabia in 1H Feb 2024, set to reach Europe in coming week.· Several cargoes load from Saudi Arabia at end-Jan/early Feb 2024 before heading to India via Red Sea; cargoes set to arrive in 2H Feb 2024.· Cargo loads from Saudi Arabia in 1H Jan 2024, set to reach South Africa by end-Feb 2024, following shipment via Suez Canal and western Africa.· Cargo of Group III base oils loads from Bahrain in 2H Jan 2024, set to reach US Gulf coast in 2H March 2024 following shipment via southern Africa.· Cargo of Group III base oils loads from Bahrain in 2H Jan 2024, set to reach Europe in coming week following shipment via southern Africa.· Cargo of Group III base oils loads from UAE in 2H Jan 2024, set to reach US Gulf coast in 1H March 2024 following shipment via southern Africa.· Cargo of Group III base oils loads from Indonesia in 2H Jan 2024, set to reach Europe in coming week.· Cargo of Group II base oils loads from US Gulf coast at end-Jan 2024, set to reach Egypt in coming week.· Cargo of Group I and Group II base oils loads from US in recent weeks before heading to Nigeria; set to arrive in early March 2024.· Cargo of Group I base oils loads from Italy in early Feb 2024, set to reach Nigeria by month-end.· Several large cargoes load from northwest Europe in late-Jan 2024, set to reach South Africa over coming week..Global base oils - week of Feb 19: Price outlook - arbitrage.Global base oils - week of Feb 19: Price outlook - margins.Global base oils - week of Feb 19: Demand outlook