Global base oils cargo flows: Week of 31 March

·         Several Group II cargoes load from Taiwan in past week, mostly bound for China.

·         Total cargo-loadings from Taiwan in March 2025 stay much lower than in Feb 2025.

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

·         Shipment is second from Netherlands to reach Singapore in March 2025.

·         South Korea’s base oils export cargo volumes show signs of holding firm in March 2025.

·         Cargo of Group III base oils loads from Bahrain in H1 March before heading to southeast Asia, set to arrive in early April 2025.

·         Cargo loads from Saudi Arabia in H1 March 2025 before heading to India, arrives at start of this week.

·         Large cargo loads from Saudi Arabia at end-March 2025.

·         Size of shipment suggests it is likely to head to Middle East and/or India.

·         Cargo loads from Qatar in late-March 2025 before heading to India, set to arrive in early April 2025.

·         Cargo loads from northwest Europe in late-March 2025 before heading to Nigeria, set to arrive in H1 Apr 2025.

·         Cargo loads from northwest Europe in H1 March 2025 before heading to South Africa, set to arrive in coming week.

·         Cargo loads from US Gulf coast at end-Feb 2025 before heading to India, set to arrive in coming week.

·         Group I export cargoes from Argentina show signs of pausing in March 2025 for first time in several months.