

· Loading of Group II cargoes from Taiwan slows markedly in past week.
· Several more cargoes from US and Europe reach Singapore in past week.
· Cargo is first from US in a month and first from Netherlands since early-Sept 2025.
· Cargo of Group III base oils set to load from Bahrain at start of this week, with Europe the likely destination.
· Cargo of Group III base oils loads from Bahrain and UAE in Oct 2025 before heading to US, set to arrive by early-Dec 2025.
· Cargo of Group III base oils loads from Bahrain in past week before heading to US, set to arrive in early-Dec 2025.
· Cargo of Group III base oils loads from Bahrain in H2 Sept 2025 before heading to Europe, set to arrive this week
· Cargo of Group III base oils loads from UAE in H2 Oct 2025 before heading to India, arrives this week.
· Cargo loads from Saudi Arabia in early-Oct 2025 before heading to South Africa, arrives this week.
· Cargo of premium-grade base oils loads from Spain at start of this week, with shipment likely to stay in Mediterranean region.
· Cargo of Group I base oils loads from US in H2 Oct 2025 before heading to Argentina, set to arrive in mid-Nov 2025.
· Cargo of Group II base oils loads from US in mid-Sept 2025 before heading to India, set to arrive this week.