

Group II shipment from Taiwan heads to Europe
Wave of Group III cargoes set to reach US in H1 Jan 2026
Several US shipments set to reach Nigeria in H2 Jan 2026
· Wave of cargoes load from Taiwan since start of January, with a larger share of the shipments consisting of heavy grades.
· Large cargo from Taiwan heads to India, set to arrive next week.
· Cargo loads from Taiwan at end-Dec 2025 before heading to Europe, set to arrive in early-Feb 2026.
· Cargo of Group III base oils loads from Indonesia at end-Dec 2025 before heading to Europe, set to arrive in H1 Feb 2026.
· Cargo of Group III base oils loads from Indonesia at end-Nov 2025 before heading to Europe, set to arrive in coming days.
· Cargo loads from South Korea in early-Dec 2025 before heading to US Gulf coast, set to arrive this week.
· Several cargoes of Group III base oils load from UAE and Bahrain at end-Nov 2025 before heading to US Gulf coast, set to arrive this week.
· Cargo of Group III base oils loads from UAE in early-Jan 2026 before heading to Brazil, set to arrive in early-Feb 2026.
· Large cargo of Group III base oils loads from UAE in early-Jan 2026; size of shipment suggests US is likely destination.
· Large cargo loads from Qatar in late-Dec 2025 before heading to US, set to arrive around mid-Feb 2026.
· Cargo of Group III base oils loads from Bahrain in H2 Dec 2025 before heading to US, set to arrive around mid-Feb 2026.
· Cargo of Group III base oils loads from Bahrain in late-Dec 2025 before heading to Europe, set to arrive in early-Feb 2026.
· Loading of premium-grade base oils cargo from Spain stays lower than usual, extending slowdown into a fourth month.
· Cargo of Group II base oils loads from Europe in H1 Dec 2025 before heading to Singapore, set to arrive by end-Jan 2026.
· Cargo loads from US Gulf coast in late-Dec 2025 before heading to Nigeria, set to arrive in H2 Jan 2026.
· Cargo of Group I base oils loads from US Gulf coast in H2 Dec 2025 before heading to Nigeria, set to arrive in late-Jan 2026.
· Pause in cargo-loadings from Argentina extends into Jan 2026, after dearth of shipments in Nov-Dec 2025.