Taiwan export activity stays subdued, with February loadings remaining well below December and January levels
Cargo moves from Italy to Singapore, marking first such shipment on this route in several months
More US supplies move to India, with second shipment loading in February
· Group II cargo-loadings from Taiwan stay well below month-earlier levels so far in February even with loading of several shipments this week.
· Large of light and heavy-grade Group II base oils loads from Taiwan in H2 Jan 2026 before heading to India, arrives in recent days.
· Cargo of Group II light and mostly heavy grades loads from Taiwan in late-Dec 2025 before heading to Europe, arrives in recent days.
· Large cargo loads from South Korea around mid-Jan 2026 before heading to US Gulf coast, set to arrive in coming week.
· Shipments from South Korea to US since then stay unusually low.
· Large cargo of Group III base oils set to load from UAE around mid-Feb 2026 before heading to US Gulf coast.
· Cargo of Group III base oils set to load from UAE around mid-Feb 2026; shipment size suggests Europe is likely destination.
· Smaller cargo of Group III base oils loads from UAE in past week, with destination unclear.
· Cargo of Group III base oils loads from Bahrain in recent days before heading to Europe, set to arrive in H2 March 2026.
· Several cargoes of Group III base oils load from Bahrain in late-Dec 2025 before heading to Europe and US Gulf coast, set to arrive in coming days.
· Cargo-loadings from Saudi Arabia extend recovery in February, including large shipment that loaded in recent days that is likely bound for India.
· Cargo of Group I base oils loads from Italy in past week before heading to Singapore, set to arrive in H2 March 2026.
· Cargo of Group II base oils loads from US Gulf coast in past week before heading to India, set to arrive in H2 March 2026.
· Cargo is second such India-bound shipment from US in February 2026.