Global base oils cargo flows: Week of 5 Aug

·        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.