· Rebound in Taiwan Group II base oils exports continues in H2 March 2024.· More than 20,000t of supplies load from Taiwan since mid-March 2024, vs less than 10,000t in H1 March 2024.· Most of the supplies head towards southeast Asia rather than China.· Singapore takes delivery in H2 March 2024 of first cargo from Italy this year.· Large cargo from South Korea set to reach US Gulf coast in coming week.· Shipments from South Korea to US show signs of slowing in March 2024 from previous two months.· Cargo loads from Saudi Arabia in H2 March 2024 before heading to northwest Europe, set to arrive in early April 2024.· Cargo loads from Saudi Arabia in H1 March 2024, set to reach India this week after travelling via Red Sea.· Cargo loads from Saudi Arabia in H1 Feb 2024, set to reach India in coming week after voyage via western Africa.· Cargo of Group III base oils from UAE reaches India early this week.· Several cargoes of Group III base oils load from Mideast Gulf in March 2024 before heading towards South Africa, with final destination unclear.· Cargo, likely of premium-grade base oils, loads from Spain in past week before heading to US Gulf coast.· Cargo loads from US in H2 Feb 2024, set to reach Kenya in coming week.· Cargo of Group II base oils loads from US at end-Feb 2024, set to reach India in mid-April 2024 after voyage via southern Africa.· Cargo reaches Nigeria in past week after loading from Europe in late Feb 2024.· Cargo adds to swathe of shipments reaching Nigeria in month of March 2024..Global base oils margins outlook: Week of March 25.Global base oils arb outlook: Week of March 25.Global base oils demand outlook: Week of March 25
· Rebound in Taiwan Group II base oils exports continues in H2 March 2024.· More than 20,000t of supplies load from Taiwan since mid-March 2024, vs less than 10,000t in H1 March 2024.· Most of the supplies head towards southeast Asia rather than China.· Singapore takes delivery in H2 March 2024 of first cargo from Italy this year.· Large cargo from South Korea set to reach US Gulf coast in coming week.· Shipments from South Korea to US show signs of slowing in March 2024 from previous two months.· Cargo loads from Saudi Arabia in H2 March 2024 before heading to northwest Europe, set to arrive in early April 2024.· Cargo loads from Saudi Arabia in H1 March 2024, set to reach India this week after travelling via Red Sea.· Cargo loads from Saudi Arabia in H1 Feb 2024, set to reach India in coming week after voyage via western Africa.· Cargo of Group III base oils from UAE reaches India early this week.· Several cargoes of Group III base oils load from Mideast Gulf in March 2024 before heading towards South Africa, with final destination unclear.· Cargo, likely of premium-grade base oils, loads from Spain in past week before heading to US Gulf coast.· Cargo loads from US in H2 Feb 2024, set to reach Kenya in coming week.· Cargo of Group II base oils loads from US at end-Feb 2024, set to reach India in mid-April 2024 after voyage via southern Africa.· Cargo reaches Nigeria in past week after loading from Europe in late Feb 2024.· Cargo adds to swathe of shipments reaching Nigeria in month of March 2024..Global base oils margins outlook: Week of March 25.Global base oils arb outlook: Week of March 25.Global base oils demand outlook: Week of March 25