Global Base Oils Cargo Flows: Week To 24 July

Photo of oil tanker off South America, sunset

Published on:

24 Jul 2026, 3:54 am

Summary

A pick-up in Taiwan loadings coincided with tentative signs of recovery in Singapore, pointing to a possible easing of Asia's regional supply squeeze
Rising Red Sea shipping risks could complicate flows from Saudi Arabia to India and Asia, adding a new source of uncertainty to Middle East trade flows
An enquiry for a cargo from India to West Africa pointed to buyers there looking further afield for supply

Asia

· Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week.

· Shipment adds to a gradual pick-up in flows over the past week, although July volumes remain well down from month-earlier levels.

· Singapore took delivery of additional supplies from Qatar, triggering a strong rebound in shipments from that market this month.

Also Read

Singapore's Base Oils Exports Improve In Month To 22 July

· Cargo loaded from South Korea in the past week before heading to the US Gulf coast, set to arrive in early September.

· Cargo loaded from South Korea in second-half June before heading to the US Gulf coast, set to arrive by end-July.

Also Read

South Korea's June Base Oils Exports To US Stay Elevated

· Cargo added to a wave of South Korea-origin cargoes set to reach the US Gulf coast in July and August.

· Cargo loaded from South Korea in second-half June before heading toward South Africa, set to arrive in the coming week.

· Cargo of Group III base oils loaded from Indonesia in early July before heading to South Africa then Northwest Europe, set to reach Europe in second-half August.

India/Middle East

· Enquiry emerged for a vessel to load a cargo from India at end-July before heading to West Africa.

Also Read

India’s May Base Oils Exports Surge On Widening Global Arbitrage

· Cargo set to load from Saudi Arabia in early August, with the vessel currently sailing to the country from India.

Europe/Americas

· Cargo of premium-grade base oils loaded from Spain in the past week before heading to Northwest Europe, set to arrive in the coming days.

Also Read

Europe's May Group III Supply Slumps, Middle East Flows Collapse

· Cargo loaded from Northwest Europe around mid-June before heading to West Africa, then South Africa, then Kenya in early August.

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Global Base Oils Exports To Africa Stay Weak In May On Spot Supply