· 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..Global base oils margins outlook: Week of 24 Feb.Global base oils arb outlook: Week of 24 Feb.Asia base oils supply outlook: 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..Global base oils margins outlook: Week of 24 Feb.Global base oils arb outlook: Week of 24 Feb.Asia base oils supply outlook: Week of 24 Feb
