· Cargo shipments to China in 1H December hold steady vs 1H November.· Singapore exports highest weekly volume to China last week in more than nine months.· Singapore takes delivery of another cargo from China last week.· Taiwan’s December exports in 1H December lag 1H November volume. More supplies consist of light grades.· India’s imports of Group II base oils from Taiwan rise in 1H Dec, already exceed Nov 2022 levels.· Another Group II cargo from Taiwan reaches India at end of last week.· Sharp pick-up in cargo loadings from Bahrain in December, following recovery in November after slowdown in Sept-Oct.· December cargo loadings from Saudi Arabia hold steady, show signs of exceeding November volume.· Unusually large cargo loads from US Gulf coast in 1H December, destination unclear.· Another large early-Dec-loading cargo from US Gulf coast set to reach Med region in late December, final destination unclear.· Two large cargoes from South Korea set to reach Panama by late-December..Global base oils - week of Dec 19: Demand outlook
· Cargo shipments to China in 1H December hold steady vs 1H November.· Singapore exports highest weekly volume to China last week in more than nine months.· Singapore takes delivery of another cargo from China last week.· Taiwan’s December exports in 1H December lag 1H November volume. More supplies consist of light grades.· India’s imports of Group II base oils from Taiwan rise in 1H Dec, already exceed Nov 2022 levels.· Another Group II cargo from Taiwan reaches India at end of last week.· Sharp pick-up in cargo loadings from Bahrain in December, following recovery in November after slowdown in Sept-Oct.· December cargo loadings from Saudi Arabia hold steady, show signs of exceeding November volume.· Unusually large cargo loads from US Gulf coast in 1H December, destination unclear.· Another large early-Dec-loading cargo from US Gulf coast set to reach Med region in late December, final destination unclear.· Two large cargoes from South Korea set to reach Panama by late-December..Global base oils - week of Dec 19: Demand outlook
