· Several large cargoes load from Taiwan in past week, extending rebound in shipments since H2 June 2024.· Unusually large share of the shipments move to southeast Asia, with small volume bound for China.· Singapore takes delivery last week of cargo of US origin.· Shipment from US is first in more than a month, adds to steady flows from US since end-Feb 2024.· Several cargoes load from South Korea in H1 July 2024 before heading to US.· Cargoes follow pause in such flows in recent weeks; size of cargoes remains lower than usual.· Cargo loads from South Korea in past week before heading to US East coast, set to arrive in H2 Aug 2024.· Most shipments from South Korea move to US Gulf coast rather than US East coast.· Cargo loads from Malaysia in past week before heading to northwest Europe, set to arrive in H2 Aug 2024.· Cargo of Group III base oils loads from Indonesia in H1 June 2024 before heading to northwest Europe, set to arrive this week.· Large cargo loads from Saudi Arabia in past week before heading towards Suez Canal.· Cargo loads from Saudi Arabia in recent days before heading to UAE, set to arrive next week.· Cargo of Group II base oils loads from US Gulf coast in early June 2024, set to reach India this week.· Cargo loads from US Gulf coast in early July 2024 before heading to South Africa, set to arrive in early Aug 2024.· Cargo loads from US Gulf coast at end-June 2024 before heading to Nigeria, set to arrive in H1 Aug 2024.· Cargo of Group I base oils loads from US east coast in early July 2024 before heading to northwest Europe, set to arrive this week.· Cargo, likely of very light grades, loads from Spain at end-June 2024, set to reach India by end-July 2024.· Cargo loads from northwest Europe in past week before heading to Nigeria, set to arrive in early Aug 2024..Global base oils margins outlook: Week of 15 July.Global base oils arb outlook: Week of 15 July.Global base oils demand outlook: Week of 15 July.Asia base oils supply outlook: Week of 15 July
· Several large cargoes load from Taiwan in past week, extending rebound in shipments since H2 June 2024.· Unusually large share of the shipments move to southeast Asia, with small volume bound for China.· Singapore takes delivery last week of cargo of US origin.· Shipment from US is first in more than a month, adds to steady flows from US since end-Feb 2024.· Several cargoes load from South Korea in H1 July 2024 before heading to US.· Cargoes follow pause in such flows in recent weeks; size of cargoes remains lower than usual.· Cargo loads from South Korea in past week before heading to US East coast, set to arrive in H2 Aug 2024.· Most shipments from South Korea move to US Gulf coast rather than US East coast.· Cargo loads from Malaysia in past week before heading to northwest Europe, set to arrive in H2 Aug 2024.· Cargo of Group III base oils loads from Indonesia in H1 June 2024 before heading to northwest Europe, set to arrive this week.· Large cargo loads from Saudi Arabia in past week before heading towards Suez Canal.· Cargo loads from Saudi Arabia in recent days before heading to UAE, set to arrive next week.· Cargo of Group II base oils loads from US Gulf coast in early June 2024, set to reach India this week.· Cargo loads from US Gulf coast in early July 2024 before heading to South Africa, set to arrive in early Aug 2024.· Cargo loads from US Gulf coast at end-June 2024 before heading to Nigeria, set to arrive in H1 Aug 2024.· Cargo of Group I base oils loads from US east coast in early July 2024 before heading to northwest Europe, set to arrive this week.· Cargo, likely of very light grades, loads from Spain at end-June 2024, set to reach India by end-July 2024.· Cargo loads from northwest Europe in past week before heading to Nigeria, set to arrive in early Aug 2024..Global base oils margins outlook: Week of 15 July.Global base oils arb outlook: Week of 15 July.Global base oils demand outlook: Week of 15 July.Asia base oils supply outlook: Week of 15 July