· Cargo loadings from Taiwan in Feb 2024 fall sharply from Jan 2024.· Resumption of cargo loadings from Taiwan in H2 Feb 2024 remains slow.· Large cargo of Taiwan origin reaches India in recent days.· Singapore takes delivery of large cargo of Russian origin in H2 Feb 2024.· Shipment follows delivery of similar-sized cargo of Russian origin in late-Dec 2023.· Singapore takes delivery of more supplies from Qatar in H2 Feb 2024.· Shipments boost Singapore’s imports from Qatar so far in Feb 2024 to highest in more than seven years.· Cargo of Italian origin set to reach Singapore by mid-March 2024 after setting off in H1 Jan 2024 and travelling via southern Africa.· Previous shipment reached Singapore at end-Dec 2023, after leaving Italy less than a month earlier.· Cargo of Group I base oils loads from Saudi Arabia in H1 Feb 2024 before heading to India via Suez Canal and southern Africa; set to arrive in early April 2024.· Several cargoes that loaded from Saudi Arabia earlier in Feb 2024 moved to India directly via Red Sea.· Cargo from Saudi Arabia reaches South Africa in recent days, after loading in H1 Jan 2024 and traveling via Suez Canal and West Africa.· Spain’s exports of premium-grade base oils show signs of holding steady in Feb 2024 vs Jan 2024.· Cargo of Group II base oils loads from US Gulf coast in H2 Feb 2024 before heading to South Africa, set to arrive around mid-March 2024.· Cargo of Group I and Group II base oils from US set to reach Nigeria this week.· Cargo of Group II base oils from US set to reach Egypt this week.· Cargo of Group I base oils from Italy set to reach Nigeria in H2 Feb 2024..Global base oils arb outlook: Week of Feb 26.Global base oils demand outlook: Week of Feb 26.Global base oils margins outlook: Week of Feb 26
