· Taiwan’s cargo flows hold firm throughout May 2025.· Larger-than-usual cargo loads from Taiwan in past week before heading to southeast Asia, with India likely the final destination.· Cargo loadings from South Korea bound for US stay lower than usual in May 2025.· Slowdown raises prospect of South-Korea-origin cargoes reaching US in June 2025 staying lower than usual.· Large cargo of premium-grade base oils loads from Qatar at end-May 2025 before heading to Europe, set to arrive in H1 July 2025.· Cargo of Group III base oils loads from UAE in mid-April 2025 before heading to northwest Europe, set to arrive this week.· Cargoes of Group III base oils load from UAE and Bahrain in mid-April before heading to US Gulf coast, set to arrive this week.· Cargo of Group III base oils loads from Bahrain in mid-April 2025 before heading to northwest Europe, arrived in recent days.· Cargo of premium-grade base oils loads from Qatar in H2 May 2025 before heading to India, arrives in recent days.· Cargo loads from Saudi Arabia in late-May 2025 before heading to northwest Europe, set to arrive this week.· Cargo loads from northwest Europe in late-May 2025 before heading to US, set to arrive around mid-June 2025.· Cargo loads from northwest Europe at end-May 2025 before heading to West Africa, set to arrive around mid-June 2025.· Cargo loads from US Gulf coast at end-May 2025 before heading to South Africa, set to arrive by end-June 2025.· Cargo loads from US Gulf coast in late-May 2025 before heading to Turkey, set to arrive in H2 June 2025.· Cargo loads from US Gulf coast in early-May 2025 before heading to Egypt, set to arrive this week.· Cargo of Group I heavy-grades set to load from Argentina in early-June 2025, with destination unclear.· Smaller size of cargo compared with April-loading shipment suggests it is likely bound for Brazil..Global base oils margins outlook: Week of 2 June.Global base oils arb outlook: Week of 2 June.Asia base oils supply outlook: Week of 2 June.Asia base oils demand outlook: Week of 2 June
