Global Base Oils Cargo Flows: Week To 10 July

Photo of oil tanker off South America, sunset

Published on:

10 Jul 2026, 4:17 am

Summary

Singapore imports stayed unusually strong as cargoes from Europe, China and the US contrasted with continued weak exports
Spain maintained its focus on supplying Europe while Indonesia's July cargo loadings rebounded after slowing in May and June
Slower Taiwan loadings and a dip in US shipments to India pointed to limited Asia spot supply

Asia

· Cargo loadings from Taiwan slowed in the past week as a typhoon approached the island.

· Cargo loaded from Taiwan in second-half June before heading to India, set to arrive in the coming days.

· Singapore took delivery of an unusually large shipment from Europe in the past week.

· The shipment added to a swathe of cargoes from Europe in the past four weeks, lifting total volumes during the period to the highest since end-2022.

· Singapore also took delivery of large shipments from China and the US.

Also Read

Singapore's Base Oils Imports Stay High In Month To 8 July

· Cargo of Group III base oils loaded from Indonesia in early July before heading toward South Africa; the shipment is likely to then head on to Northwest Europe.

· Shipment added to rebound in cargo loadings from Indonesia so far in July, following a slump in flows in May and June.

India/Middle East

· Cargo loaded from India in early June before heading to Brazil, set to arrive this week.

· Cargo loaded from Saudi Arabia in second-half June before heading to Fujairah then India, set to arrive in the coming days.

· Cargo loaded from Saudi Arabia in early July before heading to India, set to arrive in the coming days.

Also Read

Asia's May Base Oils Exports Fall To 16-Month Low

Europe/Americas

· Cargo of premium-grade base oils set to load from Spain at the end of this week, with Northwest Europe the likely destination.

· Small cargo of premium-grade base oils loaded from Spain in recent days before heading to Italy, its first shipment to that market in more than a month.

Also Read

Spain's May Group III Shipments Hold Firm, Indonesia Exports Ease

· Cargo loaded from Spain at end-May before heading to India, set to arrive in the coming days.

· Slowdown in US shipments to India in April and May showed signs of extending in June, with scant volumes scheduled to arrive in July.

Also Read

US’ May Base Oils/Lubricants Exports Ease As Spot Supply Tightens

· Cargo of Group I light grades and brightstock set to load from Argentina this week before heading to Brazil.

· Cargo follows similar shipment in early July that also went to Brazil.

Also Read

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