Global base oils cargo flows: Week of 3 June

·        Taiwan’s base oils cargo loadings slow down over past week, leaving total exports lower than usual in May 2024. 

·        Singapore takes delivery in late-May 2024 of unusually large cargo from US.

·        Cargo loads from South Korea at end-May 2024 before heading to US Gulf coast, set to arrive in H1 July 2024.

·        Shipment is first from South Korea to US in several weeks.

·        Slowdown in shipments raises prospect of drop in cargoes from South Korea reaching US in May and June 2024.

·        Cargo of Group III base oils loads from UAE at end-May 2024 before heading to India, set to arrive this week.

·        Cargo of Group III base oils loads from UAE in H2 May 2024 before heading to US, set to arrive in H1 July 2024.

·        Cargo of Group III base oils loads from Bahrain in mid-April 2024 before heading to northwest Europe, set to arrive in coming week.

·        Cargo of Group III base oils loads from Qatar at end-May 2024, set to reach India this week.

·        Several cargoes load from Saudi Arabia in H2 May 2024 before heading to UAE, set to arrive in H1 June 2024.

·        Cargo loads from Saudi Arabia in H2 May 2024 before heading to India, set to arrive this week.

·        Cargoes add to signs of rise in shipments from Saudi Arabia in May 2024 vs previous month.

·        Cargo, likely of Group I base oils, loads from US in early June 2024 before heading to northwest Europe, set to arrive in H1 June 2024.

·        Cargo loads from US Gulf coast in H2 April 2024, set to reach India this week.

·        Shipments of premium-grade base oils from Spain show signs of slipping in May 2024 from previous month amid slowdown in flows to northwest Europe.