· Several shipments of Group II base oils, mostly of heavy grades, load from Taiwan in past week before heading to China and southeast Asia.· Singapore’s shipments to overseas markets over past week include cargo to UAE.· Cargo is first to that market since early-2023.· Singapore takes delivery of cargo from Italy and Netherlands in past week.· Shipment is first in a month from Italy and first in three months from Netherlands.· Large cargo reaches India in past week after loading from Black Sea region in June 2024.· Cargo loads from Saudi Arabia at end-July 2024 before heading to northwest Europe, set to arrive around mid-Aug 2024.· Cargo loads from Saudi Arabia in late-July 2024 before heading to South Africa via Suez Canal, set to arrive at end-Aug 2024.· Cargo loads from Saudi Arabia in H2 July 2024, set to reach US Gulf coast in H2 Aug 2024.· Cargo of Group III base oils loads from UAE in early Aug 2024 before heading to India, set to arrive in coming week.· Cargo of Group III base oils loads from UAE in H2 July 2024 before heading to US Gulf coast, set to arrive at end-Aug 2024.· Large cargo loads from northwest Europe in early-Aug 2024 before heading to South Africa, set to arrive in late-Aug 2024.· Cargo loads from Turkey in early-Aug 2024 before heading to Mediterranean region, set to arrive at start of this week.· Cargo loads from Italy at end-July before heading to Singapore, set to arrive in early-Sep 2024.· Cargo of premium-grade base oils loads from Spain in early-Aug 2024 before heading to northwest Europe.· Shipment is second large cargo of premium-grade base oils to move from Spain to northwest Europe in the past week.· Large cargo loads from US in H2 July 2024, set to reach northwest Europe this week.· Cargo loads from US around mid-July 2024 before heading to India, set to arrive at end-Aug 2024.· Cargo loads from US in early July 2024 before heading to South Africa, set to arrive this week.· Cargo loadings from US for shipments bound for South America shows signs of rising in July 2024 vs June 2024.
