Global Base Oils Cargo Flows: Week To 20 February

·         Several Group II cargoes load from Taiwan in past week before heading to southeast Asia.

·         Total Group II shipments so far this month amount to little more than half the volume during the same period in January.

·         Dip in cargo loadings mirrors similar dynamic in Singapore in recent weeks, coincides with Lunar New Year holidays.

·         Cargo loads from South Korea in mid-February before heading to Central America, set to arrive in mid-March.

·         Cargo of Group III base oils loads from Indonesia in late-December before heading to northwest Europe, arrives in recent days.

·         Cargo of Group III base oils loads from Bahrain in early-January before heading to northwest Europe, set to arrive in coming days.

·         Cargo of Group III base oils loads from Bahrain around mid-February before heading to India, set to arrive next week.

·         Cargo of Group III base oils loads from UAE around mid-February before heading to India, set to arrive by end of this week.

·         Cargo loads from Saudi Arabia in first-half February before heading to India, set to arrive in coming week.

·         Cargo is first large shipment from Saudi Arabia to India in more than two months.

·         Large cargo of premium-grade base oils loads from Spain around mid-February before heading to northwest Europe, set to arrive in coming days.

·         Cargo of premium-grade base oils loads from Spain in past week before heading to US, set to arrive in early March.

·         Cargo of very-light-grade base oils loads from Spain around mid-January before heading to India, set to arrive next week.