Global base oils cargo flows: Week of 10 Feb

·         Cargo of Group II base oils, mostly of heavy grades, loads from Taiwan in recent days before heading to southeast Asia.

·         Shipment follows cargo of mostly Group II heavy grades from Taiwan that moved to China last week.

·         Another cargo of Group II base oils loads from Taiwan in early-Feb 2025 before heading to India, set to arrive in coming week.

·         Singapore takes delivery of another cargo from Netherlands in past week, amid increasingly frequent shipment of supplies from that market.

·         Slowdown in shipments from South Korea to US in Jan 2025 extends through H1 Feb 2025.

·         Cargo of Group III base oils loads from Indonesia in early-Jan 2025 before heading to northwest Europe, set to arrive this week.

·         Cargo loads from Saudi Arabia in late-Jan 2025 before heading to India, set to arrive this week.

·         Cargo loads from Saudi Arabia in late-Jan 2025 before heading to Singapore, set to arrive this week.

·         Cargo of Group III base oils loads from UAE in early-Feb 2025 before heading to China, set to arrive in late-Feb 2025.

·         Cargo of Group III base oils loads from UAE in early-Feb 2025 before heading to India, set to arrive in coming week.

·         Cargo loads from US Gulf coast in H2 Dec 2025, reaches Brazil in recent days before heading to Argentina, set to arrive in coming week.

·         Large cargo loads from US Gulf coast in H1 Jan 2025 before heading to South Africa, arrives at start of this week.

·         Size of shipment suggests large portion of the cargo is likely bound for other outlets like India or Pakistan.