Global base oils cargo flows: Week of 28 April

·         Base oil cargo loadings from Taiwan slow markedly over past week, after unusually high exports in first three weeks of April 2025.

·         Singapore takes delivery in past week of shipment from Russia.

·         Cargo is first from Russia in more than two months and fourth so far this year.

·         Cargo loadings from South Korea to US see slowdown in April 2025, after already slowing in March 2025 from previous month.

·         Drop in cargo-loadings cuts volume of shipments from South Korea set to reach US in April 2025 and May 2025.

·         Cargo loads from Bahrain in H2 April 2025 before heading to India, set to arrive this week.

·         Cargo loads from Qatar in H2 April before heading to India, set to arrive this week.

·         Cargo loads from Saudi Arabia in H2 April 2025 before heading to South Africa, set to arrive in H1 May 2025.

·         Cargo heads to South Africa via East Africa rather than via Suez Canal and West Africa, shortening shipment time.

·         Large cargo loads from Saudi Arabia at end-Apr 2025, with destination unclear.

·         Size of shipment suggests destination likely to be UAE or India.

·         Volume of cargo loadings from Saudi Arabia shows signs of rising strongly in April 2025 following slowdown in Q1 2025.

·         Cargo loads from Egypt at end-March 2025 before heading to Nigeria, arrives in recent days.

·         Flow of cargoes from US to Nigeria pauses in April 2025, following increasingly regular shipments in recent months.