Global base oils cargo flows: Week of 26 May

·         Larger-than-usual cargo with combination of light- and heavy-grade Group II base oils set to load from Taiwan in coming week.

·         Size of cargo suggests it is likely to head to outlet like India.

·         Singapore takes delivery in past week of large cargo from Netherlands.

·         Cargo extends steady flow of shipments from Netherlands since start of H2 2024.

·         Steady flows contrast with pause in shipments from Italy to Singapore for more than three months.

·         Cargo loads from South Korea last week before heading to US Gulf coast, set to arrive in early-July 2025.

·         Cargo shows signs of including Group II base oils.

·         Cargo loads from Saudi Arabia in H2 May 2025 before heading to Europe, set to arrive in early-June 2025.

·         Cargo of Group III base oils loads from Bahrain in mid-May 2025 before heading to Europe, set to arrive in H2 June 2025.

·         Cargo of Group III base oils loads from Bahrain in mid-April 2025 before heading to Europe, set to arrive this week.

·         Large cargo of premium-grade base oils loads from Qatar in H1 April 2025 before heading to US Gulf coast, set to arrive this week.

·         Large cargo of Group I base oils loads from Argentina in H2 April 2025 before heading to Netherlands, set to arrive by end-May 2025.

·         Cargo loads from Europe in H1 May 2025 before heading to Nigeria, set to arrive by month-end.

·         Large cargo leaves US Gulf coast around mid-April 2025 before heading to Nigeria, set to arrive in final week of May 2025.

·         Cargo adds to shipment from Egypt that is set to reach Nigeria by end-May 2025.

·         Cargo of premium-grade base oils loads from Spain in past week before heading to northwest Europe, set to arrive by end-May 2025.