· Wave of shipments from Taiwan extends into 2H Jan 2024.· Taiwan’s shipments exceed 40,000t so far in Jan 2024; well over half the volume consists of light grades.· More shipments from Taiwan move to southeast Asia in 2H Jan 2024, after wave of shipments to China in 1H Jan 2024.· Wave of shipments from South Korea to US shows signs of slowing so far in Jan 2024.· Cargo of Group III base oils loads from Indonesia at end-Dec 2023, likely bound for northwest Europe.· Cargo changes direction in mid-Jan 2024, heads towards South Africa, likely to avoid Red Sea region.· Cargo loadings from Saudi Arabia fall sharply in 1H Jan 2024.· Cargo loads from Saudi Arabia in 1H Jan 2024 before heading to UAE via Red Sea, set to arrive this week.· Cargo loads from Saudi Arabia in mid-Jan 2024 before heading to Europe, set to arrive by month-end.· Cargo of Group III base oils loads from Bahrain in late Dec 2023, passes through Red Sea region in early Jan 2024, set to reach US Gulf coast in early Feb 2024.· Cargo of Group III base oils loads from UAE in 2H Dec 2023, moves to US via southern Africa rather than Suez Canal, set to reach US Gulf coast by end-Jan 2024.· Cargo of heavy grades loads from US Gulf coast in early Jan 2024 before heading to Nigeria, set to arrive in coming week.· Cargo of Group II base oils loads from US Gulf coast in 2H Dec 2023 before heading to India, set to arrive in early Feb 2024..Global base oils - week of Jan 22: Price outlook - arbitrage.Global base oils - week of Jan 22: Price outlook - margins.Global base oils - week of Jan 22: Demand outlook.Americas/EMEA base oils - week of Jan 22: Supply outlook.Base Oil News stories and analysis also available on ICIS platform
