· Cargo of Group II base oils, mostly of heavy grades, loads from Taiwan in recent days before heading to southeast Asia.· Shipment follows cargo of mostly Group II heavy grades from Taiwan that moved to China last week.· Another cargo of Group II base oils loads from Taiwan in early-Feb 2025 before heading to India, set to arrive in coming week.· Singapore takes delivery of another cargo from Netherlands in past week, amid increasingly frequent shipment of supplies from that market.· Slowdown in shipments from South Korea to US in Jan 2025 extends through H1 Feb 2025.· Cargo of Group III base oils loads from Indonesia in early-Jan 2025 before heading to northwest Europe, set to arrive this week.· Cargo loads from Saudi Arabia in late-Jan 2025 before heading to India, set to arrive this week.· Cargo loads from Saudi Arabia in late-Jan 2025 before heading to Singapore, set to arrive this week.· Cargo of Group III base oils loads from UAE in early-Feb 2025 before heading to China, set to arrive in late-Feb 2025.· Cargo of Group III base oils loads from UAE in early-Feb 2025 before heading to India, set to arrive in coming week.· Cargo loads from US Gulf coast in H2 Dec 2025, reaches Brazil in recent days before heading to Argentina, set to arrive in coming week.· Large cargo loads from US Gulf coast in H1 Jan 2025 before heading to South Africa, arrives at start of this week.· Size of shipment suggests large portion of the cargo is likely bound for other outlets like India or Pakistan..Global base oils margins outlook: Week of 10 Feb.Global base oils arb outlook: Week of 10 Feb.Asia base oils supply outlook: Week of 10 Feb
