· Taiwan sees sharp pick-up in cargo-loadings in past week, especially of light-grade base oils.· Including delayed cargoes from Oct 2024, volume of cargoes loaded from Taiwan in Nov 2024 likely to be higher than previous month.· Singapore takes delivery of large cargo from Netherlands in past week.· Cargo adds to increasingly regular flow of shipments from Netherlands to Singapore in recent months.· Cargo loads from South Korea at end-Oct 2024 before heading to Pakistan, arrives in recent days.· Cargo loadings from South Korea to US show sharp slowdown over past month, with cargo arrivals in US in Dec 2024 likely to fall sharply from Nov 2024. · Large cargo loads from Saudi Arabia in past week before heading to UAE, set to arrive at beginning of Dec 2024.· Cargo loads from Saudi Arabia around mid-Nov 2024 before heading to northwest Europe, set to arrive in early Dec 2024.· Cargo of Group III base oils loads from UAE in past week before heading to US Gulf coast, set to arrive in H1 Jan 2025.· Cargo of Group III base oils loads from Bahrain in past week before heading to US, set to arrive by end-Dec 2024.· Cargo loads from Netherlands in H2 Oct 2024 before heading to India, set to arrive by end-Nov 2024.· Cargo, likely of Group I base oils, loads from northwest Europe in past week before heading to Singapore, set to arrive in late-Dec 2024.· Cargo of premium-grade base oils loads from Spain in H2 Nov 2024 before heading to northwest Europe.· Shipment is first cargo to northwest Europe in more than a month.· Another larger cargo loads from Spain this week, with destination unclear.· Larger-than-usual cargo set to load from US Gulf coast in early Dec 2024.· Larger-than-usual cargo loads from US Gulf coast in past week before heading to Europe, set to arrive in H1 Dec 2024..Global base oils margins outlook: Week of 25 Nov.Global base oils arb outlook: Week of 25 Nov.Global base oils demand outlook: Week of 25 Nov.Asia base oils supply outlook: Week of 25 Nov
· Taiwan sees sharp pick-up in cargo-loadings in past week, especially of light-grade base oils.· Including delayed cargoes from Oct 2024, volume of cargoes loaded from Taiwan in Nov 2024 likely to be higher than previous month.· Singapore takes delivery of large cargo from Netherlands in past week.· Cargo adds to increasingly regular flow of shipments from Netherlands to Singapore in recent months.· Cargo loads from South Korea at end-Oct 2024 before heading to Pakistan, arrives in recent days.· Cargo loadings from South Korea to US show sharp slowdown over past month, with cargo arrivals in US in Dec 2024 likely to fall sharply from Nov 2024. · Large cargo loads from Saudi Arabia in past week before heading to UAE, set to arrive at beginning of Dec 2024.· Cargo loads from Saudi Arabia around mid-Nov 2024 before heading to northwest Europe, set to arrive in early Dec 2024.· Cargo of Group III base oils loads from UAE in past week before heading to US Gulf coast, set to arrive in H1 Jan 2025.· Cargo of Group III base oils loads from Bahrain in past week before heading to US, set to arrive by end-Dec 2024.· Cargo loads from Netherlands in H2 Oct 2024 before heading to India, set to arrive by end-Nov 2024.· Cargo, likely of Group I base oils, loads from northwest Europe in past week before heading to Singapore, set to arrive in late-Dec 2024.· Cargo of premium-grade base oils loads from Spain in H2 Nov 2024 before heading to northwest Europe.· Shipment is first cargo to northwest Europe in more than a month.· Another larger cargo loads from Spain this week, with destination unclear.· Larger-than-usual cargo set to load from US Gulf coast in early Dec 2024.· Larger-than-usual cargo loads from US Gulf coast in past week before heading to Europe, set to arrive in H1 Dec 2024..Global base oils margins outlook: Week of 25 Nov.Global base oils arb outlook: Week of 25 Nov.Global base oils demand outlook: Week of 25 Nov.Asia base oils supply outlook: Week of 25 Nov