Global base oils cargo flows: Week of 27 May

·        Taiwan’s Group II base oils exports to China gather pace in H2 May 2024, stay lower than usual.

·        Singapore takes delivery of a cargo from Italy in H2 May 2024.

·        Most recent shipment from Italy to Singapore was in early April 2024.

·        Volume of cargoes from South Korea bound for US stays unusually low in May 2024.

·        Cargo of Group III base oils loads from Indonesia in H2 April 2024, set to reach northwest Europe 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 H2 April 2024, heads towards northwest Europe, likely to arrive in H1 June 2024.

·        Cargo loads from Saudi Arabia in past week before heading to India, set to arrive in early June 2024.

·        Cargo loads from Saudi Arabia in early May 2024, reaches India last week.

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

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

·        Large cargo set to reach India in coming week; vessel set off from China at end-April 2024.

·        Cargo of Group I base oils loads from Greece in H2 May 2024 before heading to northwest Europe, set to arrive in early June 2024.

·        Cargo of Group I base oils loads from northwest Europe in mid-Apr 2024, set to reach Tanzania this week.

·        Cargo, likely of very light grades, loads from Spain in past week, likely bound for India.

·        Another cargo of very light grades from Spain set to reach India this week.

·        Cargoes loading from US bound for outlets like Africa/India show signs of slowing in recent weeks, especially compared with Jan-April 2024.