Base Oils and Lubricants: Weekly Global Market Review - 30 Jan '26

·         South Korea ramps up output → surplus deepens

·         China demand pauses → rebound ahead

·         India output surges as new capacity comes online

·         Singapore imports spike on Europe shipment

·         Italy lube demand keeps climbing

·         LatAm demand stays under pressure

·         Global flows: Taiwan shipments strong, Saudi exports recover, West Africa stays key