Global base oils cargo flows: Week of 24 Feb

·         Larger-than-usual flow of cargoes of Group II base oils loads from Taiwan throughout Feb 2025, boosting shipments above Jan 2025 levels.

·         Shipments include wave of large cargoes in recent days.

·         Size of cargoes suggests most of the supplies are bound for southeast Asia and/or India.

·         Singapore takes delivery of cargoes from Russia, US and Saudi Arabia in past week.

·         Shipments extend recent pick-up in flows from Russia and US to Singapore.

·         Cargo loads from Saudi Arabia around mid-Feb 2025 before heading to Singapore, set to arrive in H1 March 2025.

·         Cargo loads from Saudi Arabia in past week before heading to Europe, set to arrive in H1 March 2025.

·         Cargo of Group III base oils loads from Bahrain in H2 Jan 2025, set to reach Europe in coming week.

·         Cargo of Group III base oils loads from UAE in H1 Feb 2025 before heading to Europe, set to arrive in H2 March 2025.

·         Cargo loads from Russia in H2 Jan 2025 before heading to Nigeria, set to arrive this week.

·         Cargo loads from northwest Europe in H1 Feb 2025 before heading to South Africa, set to arrive around mid-March 2025.

·         Cargo loads from northeast Europe in H1 Jan 2025 before heading to Singapore, set to arrive this week.

·         Large cargo loads from US Gulf coast in H2 Feb 2025 before heading to southeast Asia, set to arrive in early-April 2025.

·         Size of shipment suggests it could deliver supplies to other outlets en route, such as South Africa and/or Pakistan.

·         Cargo loads from US in early-Feb 2025 before heading to Nigeria, set to arrive in coming week.

·         Several cargoes scheduled to load from Argentina in coming week, with Brazil a likely destination.