

US shipments to India increase, as wave of shipments reach Nigeria
Cargo loadings from Saudi Arabia resume, after sharp slowdown during previous two months
Several cargoes from Europe head to India and Singapore amid less regular trade flows
· Large cargo with combination of light and heavy-grade Group II base oils loads from Taiwan this week, with size of shipment suggesting India is likely destination.
· Cargo adds to steady flow of shipments in January, keeping Taiwan’s monthly exports high, with heavy grades accounting for a larger share.
· Cargo loads from South Korea in H1 Dec 2025 before heading to US Gulf coast, arrives in recent days.
· Singapore takes delivery in past week of largest shipment from China in more than two years.
· Cargo loads from Singapore in early-Jan 2026 before heading to Europe, set to arrive around mid-Feb.
· Cargo of Group III base oils loads from Indonesia at end-Nov 2025 before heading to northwest Europe, arrives in recent days.
· Large cargo loads from Saud Arabia in H2 Jan 2026, with size of shipment suggesting UAE or India is final destination.
· Shipment follows slump in cargo-loadings from Saudi Arabia for two months to mid-Jan 2026.
· Large cargo of Group III base oils loads from Bahrain in past week; size of shipment suggests US is likely destination.
· Cargo of premium-grade base oils set to load from Spain in coming days, with northwest Europe the likely destination.
· Cargo loads from northwest Europe at end-Dec 2025 before heading to India, set to arrive in H1 Feb.
· Cargo loads from northwest Europe in H1 Dec 2025 before heading to Singapore, set to arrive this week.
· Cargo loads from US in recent days before heading to India, set to arrive in early-March.
· Cargo loads from US at end-Nov 2025 before heading to India, set to arrive in coming week.