· Singapore takes delivery in late-Feb 2024 of Group I cargo originating from Greece.· Taiwan’s base oils exports stay low in 2H Feb 2024 even after domestic Group II plant’s resumption of normal operations.· Less than half of Taiwan’s base oils shipments move to China in Feb 2024, with a larger share moving to SE Asia and India.· Base oils shipment volumes from South Korea show signs of edging down in Feb 2024 from Jan 2024.· Volume of cargoes reaching US from South Korea in March 2024 likely to fall from Feb 2024.· Cargo of premium grades loads from South Korea in 1H Feb 2024, set to reach UAE in 2H March 2024.· Base oils exports from Saudi Arabia show signs of falling in Feb 2024 from previous month, with sharp slowdown in shipments in 2H Feb 2024.· Large cargo of Group III base oils from UAE set to reach US Gulf coast this week after loading in 2H Jan 2024.· Cargo of Group III base oils from Bahrain set to reach northwest Europe in coming days.· Large cargo of Russian origin set to reach Nigeria at beginning of March 2024.· Shipment adds to swathe of cargoes moving to Nigeria in recent weeks from US and Europe.· Large cargo of US origin set to reach Nigeria in coming days.· Cargo of Group II base oils loads from US in 2H Feb 2024, set to reach South Africa around mid-March 2024.· Large cargo, likely of very light grades, loads from Spain at end-Feb 2024 before heading to India.· Cargo of Group III base oils loads from Spain in early March 2024 before heading to Turkey.· Cargo loads from Italy in 1H Jan 2024, set to reach Singapore next week.
· Singapore takes delivery in late-Feb 2024 of Group I cargo originating from Greece.· Taiwan’s base oils exports stay low in 2H Feb 2024 even after domestic Group II plant’s resumption of normal operations.· Less than half of Taiwan’s base oils shipments move to China in Feb 2024, with a larger share moving to SE Asia and India.· Base oils shipment volumes from South Korea show signs of edging down in Feb 2024 from Jan 2024.· Volume of cargoes reaching US from South Korea in March 2024 likely to fall from Feb 2024.· Cargo of premium grades loads from South Korea in 1H Feb 2024, set to reach UAE in 2H March 2024.· Base oils exports from Saudi Arabia show signs of falling in Feb 2024 from previous month, with sharp slowdown in shipments in 2H Feb 2024.· Large cargo of Group III base oils from UAE set to reach US Gulf coast this week after loading in 2H Jan 2024.· Cargo of Group III base oils from Bahrain set to reach northwest Europe in coming days.· Large cargo of Russian origin set to reach Nigeria at beginning of March 2024.· Shipment adds to swathe of cargoes moving to Nigeria in recent weeks from US and Europe.· Large cargo of US origin set to reach Nigeria in coming days.· Cargo of Group II base oils loads from US in 2H Feb 2024, set to reach South Africa around mid-March 2024.· Large cargo, likely of very light grades, loads from Spain at end-Feb 2024 before heading to India.· Cargo of Group III base oils loads from Spain in early March 2024 before heading to Turkey.· Cargo loads from Italy in 1H Jan 2024, set to reach Singapore next week.