· Several more Group II cargoes load from Taiwan in past week, adding to steady flow of shipments so far in April 2025.· Most of the cargoes head to southeast Asia.· Cargo loads from South Korea around mid-March 2025 before heading to Brazil, set to arrive in H1 May 2025.· Cargo likely consists of Group II base oils.· Cargo of Group III base oils loads from Indonesia in H1 March 2025 before heading to northwest Europe, arrives in recent days.· Cargo loads from Saudi Arabia early this week before heading to South Africa, set to arrive in H1 May 2025.· Cargo loads from Saudi Arabia around mid-Apr 2025 before heading to UAE.· Cargo of Group III base oils loads from UAE around mid-Apr 2025 before heading to northwest Europe, set to arrive at end-May 2025.· Cargo of Group III base oils loads from Bahrain around mid-Apr 2025 before heading to northwest Europe, set to arrive in late-May 2025.· Cargo loads from US Gulf coast in early-March 2025 before heading to South Africa and then India, set to reach India in coming week.· Large cargo of Group I base oils loads from Argentina in H2 Apr 2025, with destination unclear.· Same vessel loaded another large Group I cargo from Argentina at end-Feb 2025 before going to Nigeria..Global base oils margins outlook: Week of 21 April.Global base oils arb outlook: Week of 21 April.Asia base oils supply outlook: Week of 21 April
· Several more Group II cargoes load from Taiwan in past week, adding to steady flow of shipments so far in April 2025.· Most of the cargoes head to southeast Asia.· Cargo loads from South Korea around mid-March 2025 before heading to Brazil, set to arrive in H1 May 2025.· Cargo likely consists of Group II base oils.· Cargo of Group III base oils loads from Indonesia in H1 March 2025 before heading to northwest Europe, arrives in recent days.· Cargo loads from Saudi Arabia early this week before heading to South Africa, set to arrive in H1 May 2025.· Cargo loads from Saudi Arabia around mid-Apr 2025 before heading to UAE.· Cargo of Group III base oils loads from UAE around mid-Apr 2025 before heading to northwest Europe, set to arrive at end-May 2025.· Cargo of Group III base oils loads from Bahrain around mid-Apr 2025 before heading to northwest Europe, set to arrive in late-May 2025.· Cargo loads from US Gulf coast in early-March 2025 before heading to South Africa and then India, set to reach India in coming week.· Large cargo of Group I base oils loads from Argentina in H2 Apr 2025, with destination unclear.· Same vessel loaded another large Group I cargo from Argentina at end-Feb 2025 before going to Nigeria..Global base oils margins outlook: Week of 21 April.Global base oils arb outlook: Week of 21 April.Asia base oils supply outlook: Week of 21 April
