Global base oils – week of Feb 19: Cargo flows

·        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.