Global base oils cargo flows: Week of 21 Oct

·        Taiwan’s base oils cargo-loadings slow down over past week after surge in shipments in H1 Oct 2024.

·        Singapore takes delivery of more shipments from Italy and Netherlands in past week.

·        Singapore takes delivery of large cargo from Russia in past week.

·        Cargo from Russia is second since H2 Aug 2024 and third this year.

·        Large cargo set to load from South Korea this week, and another in early Nov 2024.

·        Size of cargoes suggests shipments likely bound for US.

·        Shipments would be second and third large cargo from South Korea to US since early Oct 2024.

·        Large cargo loads from Saudi Arabia in early Oct 2024, set to reach India this week.

·        Cargo loads from Saudi Arabia in past week before heading to India, set to arrive by end-Oct 2024.

·        Several cargoes of Group III base oils load from Bahrain in H2 Sept 2024, set to reach Europe in H1 Nov 2024.

·        Cargo of premium-grade base oils loads from Spain in H1 Oct 2024 before heading to northwest Europe, arrives at start of this week.

·        Cargo loads from northwest Europe in past week before heading to Singapore, set to arrive around mid-Nov 2024.

·        Cargo loads from northwest Europe at end-Aug 2024, set to reach India this week.

·        Cargo, likely of Group I base oils, loads from US east coast at start of this week; destination unclear.

·        Recent shipments from US east coast moved to Europe and West Africa.

·        Several cargoes load from US in early Sept 2024 before heading to India, arriving in recent days and in coming week.