· Taiwan sees pick-up in cargo-loadings in early-May 2025 after sharp slowdown in H2 April 2025.· Large cargo of mostly Group II heavy-grade base oils loads from Taiwan in past week before heading to India and Turkey, via South Korea.· Singapore takes delivery of cargo from Netherlands in past week.· Shipment is first from Europe to reach Singapore in more than a month.· Cargo loads from South Korea at end-April before heading to northwest Europe, set to arrive around mid-June 2025.· Slowdown in cargoes from South Korea to US extends into early-May 2025.· Volume of shipments from South Korea set to reach US in May 2025 likely to stay lower than usual for second month.· Cargo of Group III base oils loads from Indonesia at end-April 2025 before heading to northwest Europe, set to arrive in H1 June 2025.· Largo cargo loads from Saudi Arabia at end-April/early-May 2025 before heading to India, set to arrive in H1 May 2025.· Cargo loads from Saudi Arabia in H2 April 2025 before heading to South Africa, set to arrive this week.· Cargo loads from northwest Europe at end-April 2025 before heading to Nigeria, set to arrive in H2 May 2025.· Large cargo loads from US Gulf coast in early-May 2025 before heading to India, set to arrive in early-June 2025.· Cargo loads from US Gulf coast in late-April 2025 before heading to Turkey, set to arrive in H2 May 2025.· Large cargo loads from US Gulf coast at end-March 2025 before heading towards South Africa and then Kenya, set to reach Kenya this week.· Shipment would be first from US to Kenya in more than six months.· Size of cargo suggests large portion of shipment then likely to move on to other outlets like India or Pakistan.· Large cargo loads from US in early-May 2025; size of shipment suggests it is likely bound for outlet like Europe..Global base oils margins outlook: Week of 5 May.Global base oils arb outlook: Week of 5 May.Asia base oils supply outlook: Week of 5 May
· Taiwan sees pick-up in cargo-loadings in early-May 2025 after sharp slowdown in H2 April 2025.· Large cargo of mostly Group II heavy-grade base oils loads from Taiwan in past week before heading to India and Turkey, via South Korea.· Singapore takes delivery of cargo from Netherlands in past week.· Shipment is first from Europe to reach Singapore in more than a month.· Cargo loads from South Korea at end-April before heading to northwest Europe, set to arrive around mid-June 2025.· Slowdown in cargoes from South Korea to US extends into early-May 2025.· Volume of shipments from South Korea set to reach US in May 2025 likely to stay lower than usual for second month.· Cargo of Group III base oils loads from Indonesia at end-April 2025 before heading to northwest Europe, set to arrive in H1 June 2025.· Largo cargo loads from Saudi Arabia at end-April/early-May 2025 before heading to India, set to arrive in H1 May 2025.· Cargo loads from Saudi Arabia in H2 April 2025 before heading to South Africa, set to arrive this week.· Cargo loads from northwest Europe at end-April 2025 before heading to Nigeria, set to arrive in H2 May 2025.· Large cargo loads from US Gulf coast in early-May 2025 before heading to India, set to arrive in early-June 2025.· Cargo loads from US Gulf coast in late-April 2025 before heading to Turkey, set to arrive in H2 May 2025.· Large cargo loads from US Gulf coast at end-March 2025 before heading towards South Africa and then Kenya, set to reach Kenya this week.· Shipment would be first from US to Kenya in more than six months.· Size of cargo suggests large portion of shipment then likely to move on to other outlets like India or Pakistan.· Large cargo loads from US in early-May 2025; size of shipment suggests it is likely bound for outlet like Europe..Global base oils margins outlook: Week of 5 May.Global base oils arb outlook: Week of 5 May.Asia base oils supply outlook: Week of 5 May
