· Several large cargoes set to load from Taiwan in early-Nov 2025.· Size of shipments suggests that at least one of them is bound for India.· Cargo-loadings follow sharp slowdown in shipments from Taiwan in H2 Oct 2025.· Cargo of mostly heavy-grade base oils loads from Taiwan at end-Sept 2025 before heading to Singapore then UAE, reaches UAE in recent days.· Singapore takes delivery of shipment from Italy, France and Poland in past week.· Shipment from Italy is largest since early-2024.· Shipment arrives a month after start-up of new base oils unit in Singapore.· Cargo of Group III base oils loads from Indonesia at end-Oct 2025; destination remains unclear.· Several cargoes of Group III base oils load from Bahrain in H2 Sept 2025 before heading to Europe, set to arrive this week.· Cargo of Group III base oils loads from UAE in mid-Oct 2025 before heading to China, set to arrive in mid-Nov 2025.· Large cargo loads from Saudi Arabia in past week before heading to India, set to arrive in H1 Nov 2025.· Cargo of Group I base oils loads from Greece in early-Nov 2025 before heading to Nigeria, set to arrive in H2 Nov 2025.· Cargo loads from Argentina in early-Oct 2025 before heading to Nigeria, arrives in recent days.· Large cargo of Group II base oils loads from US in H1 Oct 2025 before heading to Europe, set to arrive this week.· Cargo of Group I base oils loads from US in H2 Oct 2025 before heading to western Africa, set to arrive in H1 Nov 2025..Global base oils cargo flows: Week of 27 October.Asia base oils demand outlook: Week of 3 November.Asia base oils supply outlook: Week of 3 November
