Global base oils cargo flows: Week of 23 June

·         Several cargoes of Group II base oils set to load from Taiwan in coming days, with China the likely destination.

·         Even so, cargo loadings from Taiwan slow sharply since mid-June 2025 after high export volumes in H1 June 2025.

·         Cargo loads from Saudi Arabia in past week before heading to South Africa, via Red Sea and eastern Africa, set to arrive in H1 July 2025.

·         Even with that shipment, cargo loadings from Saudi Arabia stay lower than usual so far in June 2025 after firm export volumes in April-May 2025.

·         Cargo of Group III base oils loads from UAE around mid-June before vessel heads towards China.

·         Cargo of Group III base oils loads from Bahrain around mid-May 2025 before heading to northwest Europe, set to arrive this week.

·         Cargo loads from northwest Europe in recent days before heading to Singapore, set to arrive in H2 July 2025.

·         Cargo loads from northwest Europe in early-May 2025 before heading to Singapore, set to arrive in coming week.

·         Shipments of premium-grade base oils from Spain extend pause for three weeks.

·         Cargo of Group II base oils loads from US Gulf coast around mid-June 2025 before heading towards Turkey, set to arrive in H1 July 2025.

·         Large cargo of Group II base oils loads from US Gulf coast in past week before heading towards South Africa, set to arrive around mid-July 2025.

·         Size of shipment suggests cargo will then head on to other outlets like India.