Global base oils cargo flows: Week of 28 July

·         Pace of cargo-loadings of Group II base oils from Taiwan slows in past week, with one shipment bound for China.

·         Cargo with combination of Group II light and heavy grades loads from Taiwan around mid-July 2025 before heading to India, reaches east-coast India in recent days.

·         Singapore takes delivery in past week of cargo originating from Russia.

·         Shipment from Russia is first in more than a month and largest in more than five months.

·         Flow of shipments from South Korea to US stays unusually low in July 2025, raising prospect of sharp slowdown in cargo-arrivals in Aug 2025.

·         Cargo of Group III base oils loads from Indonesia in past week before heading to northwest Europe, set to arrive in early-Sept 2025.

·         Cargo loads from Saudi Arabia in past week before heading to Singapore, set to arrive in H1 Aug 2025.

·         Large cargo loads from Saudi Arabia in past week before heading to UAE; size of shipment suggests it could then head on to India.

·         Large cargo of Group III base oils loads from UAE in H2 July 2025 before heading to Bahrain.

·         Shipment could load additional Group III supplies in that market.

·         Size of shipment suggests it is likely bound for US.

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

·         Cargo-loadings of Group III base oils from Bahrain surge in H2 July 2025, with shipments staying in Middle East for now.

·         Cargo of Group III base oils loads from Spain in recent days before heading to northwest Europe, set to arrive in coming week.

·         Large cargo loads from northwest Europe in early-July 2025 before heading to South Africa, set to arrive in coming week.

·         Cargo of Group II base oils loads from US Gulf coast in past week before heading to India, set to arrive in early-Sept 2025.

·         Cargo of Group II base oils loads from US Gulf coast in recent days before heading to South Africa, set to arrive in H2 Aug 2025.

·         Cargo of Group II base oils from US Gulf coast loads around mid-June 2025 before heading to India, set to arrive in coming week.

·         Cargo of Group II base oils loads from US Gulf coast at end-May 2025 before heading to India, set to arrive this week.