Global base oils cargo flows: Week of 22 April

·        Taiwan’s Group II base oils exports hold firm in first three weeks of April 2024, with most of the volume consisting of light grades.

·        Singapore takes delivery last week of cargo originating from the Netherlands.

·        Cargo loadings from South Korea to US show signs of slowing sharply in April 2024.

·       Cargo loads from South Korea in early April 2024 before heading to UAE, set to arrive next week.

·        Cargo loads from Saudi Arabia in mid-April 2024, heads towards UAE via Red Sea route.

·        Cargo loads from Qatar in early April 2024, reaches India in past week.

·        Cargo of Group III base oils loads from Bahrain in H1 March 2024, set to reach Europe in coming week.

·        Cargo of Group III base oils loads from Bahrain in H1 March 2024, set to reach US this week.

·        Large cargo loads from US Gulf coast in recent days before heading towards South Africa, set to arrive in H2 May 2024.

·        Size of shipment suggests at least portion of the cargo is set to move to markets beyond South Africa, like India.

·        Cargo loads from US Gulf coast in mid-April 2024 before heading to Turkey, set to arrive by mid-May 2024.

·        Large cargo loads from US Gulf coast in early April 2024, set to reach South Africa in early May 2024.

·        Size of shipment suggests portion of the cargo is likely to move to other markets.

·        Large cargo loads from US Gulf coast in late March 2024, set to reach India in H1 May 2024.

·        Cargo loads from US Gulf coast in mid-March 2024, set to reach Kenya by end-April 2024.

·        Large cargo loads from US Gulf coast in late-Feb 2024, set to reach India this week.

·        Large cargo loads from Spain in mid-April 2024 bound for India.

·        Shipment follows another cargo that loaded from Spain at end-March 2024, set to reach India in early May 2024.

·        Cargoes set for arrival in Nigeria in April 2024 show signs of slowing vs March 2024.