Global Base Oils Cargo Flows: Week To 30 January

Oil tanker off South America, sunset
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Summary
  • Sustained wave of cargoes from Taiwan keep total exports elevated for second month

  • Saudi Arabia's cargo loadings continue to recover through H2 January

  • West Africa remains key outlet for surplus US supplies

·         Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second month.

·         Large cargo loaded last week from Taiwan bound for India, set to arrive in H2 Feb 2026.

·         Singapore takes delivery of unusually large cargo from Netherlands in past week, even with healthy regional availability of supply.

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Singapore’s Imports Jump To Two-Month High In Month to 28 January
Oil tanker off South America, sunset

·         Large cargo set to load from South Korea in early-Feb 2026; size of shipment suggests US is likely destination.

·         Cargo-loadings from South Korea to US stay low in Jan 2026 for second month.

·         Large cargo set to load from Saudi Arabia at end-Jan 2026; size of shipment suggests UAE or India is likely destination.

·         Cargo adds to clear pick-up in shipments from around mid-Jan 2026.

·         Cargo loads from Qatar in H2 Jan 2026 before heading to India, arrives in recent days.

·         Enquiry for vessel to load cargo of Group III base oils from UAE around mid-Feb 2026 before heading to India.

·         Large cargo of Group III base oils set to load from UAE around mid-Feb 2026; size of shipment suggests US is likely destination.

·         Cargo of Group III base oils loads from UAE in H1 Dec 2025 before heading to Europe , set to arrive in early-Feb 2026.

·         Cargo of Group III base oils loads from Bahrain in late-Jan 2026; size of shipment suggests Europe is likely destination.

·         Enquiry for vessel to load cargo from US Gulf coast around mid-Feb 2026 before heading to West Africa.

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Oil tanker off South America, sunset

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