Global base oils cargo flows: Week of 7 April

·         Pick-up in cargo-loadings from Taiwan at end-March 2025 extends into early-April 2025, with most of the shipments moving to China.

·         Large cargo with combination of light and heavy grades loads from Taiwan in recent days, with destination unclear.

·         Size of shipment suggests it is likely bound for India.

·         Cargo loads from Taiwan in late-Feb 2025 before heading to India and then to Middle East, reaches UAE in recent days.

·         Singapore takes delivery of another large cargo from US in past week.

·         Cargo adds to surge in arrival in Singapore of shipments from US since mid-March 2025.

·         Singapore takes delivery of another cargo from Saudi Arabia in past week, likely to take delivery of another in coming week.

·         Shipments add to increasingly regular flows from Saudi Arabia.

·         Cargo loads from South Korea in H1 March 2025 before heading to India and then Middle East, set to reach UAE in coming days.

·         Large cargo loads from Saudi Arabia in early April before heading to UAE, set to arrive in H1 April 2025.

·         Large cargo loads from Saudi Arabia at end-March 2025 before heading to India, set to arrive in coming week.

·         Cargo of Group III base oils loads from Bahrain in mid-Feb 2025 before heading to US Gulf coast, set to arrive in coming days.

·         Large cargo of Group III base oils loads from UAE in early-March 2025 before heading to US Gulf coast, set to arrive in coming week.

·         Large cargo of very-light grade base oils loads from Spain in early-April 2025, with India the likely destination.

·         Large cargo of premium-grade base oils loads from Spain in early-April 2025 before heading to Netherlands.

·         Cargo is second large shipment from Spain to Netherlands in past two weeks.

·         Cargo loads from northeast Europe in early-April 2025 before heading to Nigeria, set to arrive in H2 April 2025.

·         Large cargo loads from US Gulf coast in early-April 2025 before heading to South Africa, set to arrive in early-May 2025.

·         Size of cargo suggests shipment then likely to head onto other markets like India or Pakistan.

·         Cargo loads from US Gulf coast in H2 Feb 2025 before heading to India, set to arrive in coming days.