· Singapore ships large cargo to South Africa last week – first in more than four months.· Singapore takes delivery of unusually large cargo from Taiwan last week.· Taiwan’s January base oils shipments rebound from December levels, with pick-up in flows extending into early February.· Revival in Chinese demand likely to curb flow of Taiwan shipments to other markets in February.· But Taiwan shipments to southeast Asia extend into early February.· More than 60,000t of base oils from South Korea move to US Gulf coast in January, rising sharply from December volume.· No new shipments to Kenya in more than a month - most recent cargo reached Kenya around 15-20 December 2022.· Saudi Arabia’s January base oils shipments from Yanbu and Jeddah show signs of falling from December.· Large cargo from Saudi Arabia scheduled to reach Tanzania in coming week.· Large cargo, likely of premium grades, loads from UAE this week.· Another large cargo, likely of premium grades, loaded from UAE last week before moving to Qatar.· Another large cargo from UAE loaded in 2H January, set to reach US Gulf coast at end-February.· At least three cargoes depart Bahrain in January, versus four cargoes in December.· Large cargo loaded from Bahrain in 1H January, set to reach US in 2H February.· Large cargo from Europe scheduled to reach India in coming week. Cargo likely includes very light grades from Spain and Group I base oils from Italy.· Large cargo from Kaliningrad scheduled to reach Turkey in coming week..Global base oils - week of Feb 6: Demand outlook
· Singapore ships large cargo to South Africa last week – first in more than four months.· Singapore takes delivery of unusually large cargo from Taiwan last week.· Taiwan’s January base oils shipments rebound from December levels, with pick-up in flows extending into early February.· Revival in Chinese demand likely to curb flow of Taiwan shipments to other markets in February.· But Taiwan shipments to southeast Asia extend into early February.· More than 60,000t of base oils from South Korea move to US Gulf coast in January, rising sharply from December volume.· No new shipments to Kenya in more than a month - most recent cargo reached Kenya around 15-20 December 2022.· Saudi Arabia’s January base oils shipments from Yanbu and Jeddah show signs of falling from December.· Large cargo from Saudi Arabia scheduled to reach Tanzania in coming week.· Large cargo, likely of premium grades, loads from UAE this week.· Another large cargo, likely of premium grades, loaded from UAE last week before moving to Qatar.· Another large cargo from UAE loaded in 2H January, set to reach US Gulf coast at end-February.· At least three cargoes depart Bahrain in January, versus four cargoes in December.· Large cargo loaded from Bahrain in 1H January, set to reach US in 2H February.· Large cargo from Europe scheduled to reach India in coming week. Cargo likely includes very light grades from Spain and Group I base oils from Italy.· Large cargo from Kaliningrad scheduled to reach Turkey in coming week..Global base oils - week of Feb 6: Demand outlook
