· Wave of cargoes load from Taiwan since start of Nov 2025, with larger-than-usual portion bound for China.
· Larger share of the shipments consists of light-grade base oils.
· Singapore takes delivery in past week of large cargo of Group I base oils from Russia.
· Shipment is first of Russian origin to reach Singapore since mid-Sept 2025.
· Cargo-loadings from South Korea to US stay lower than usual in recent weeks.
· Large cargo loads from Saudi Arabia at end-Oct 2025 before heading to India, arrives in recent days.
· Cargo loads from Qatar at end-Oct 2025 before heading to India, arrives in recent days.
· Cargo of Group III base oils loads from Bahrain and UAE at end-Oct 2025 before heading to Europe, set to arrive in mid-Dec 2025.
· Cargo of Group III base oils loads from Bahrain in past week before heading to India, set to arrive in coming week.
· Cargo of Group III base oils loads from Bahrain in H2-Sept 2025 before heading to Europe, arrives in recent days.
· Cargo loads from Saudi Arabia in early-Nov 2025 before heading to Europe, set to arrive in early-Dec 2025.
· Cargo of Group III base oils loads from Spain in recent days before heading to northwest Europe, set to arrive in H2 Nov 2025.
· Large cargo loads from northwest Europe in recent days before heading to West Africa, set to arrive in late-Nov 2025.
· Cargo of Group I base oils loads from US in mid-Oct 2025 before heading towards southern Africa rather than West Africa, set to arrive next week.
