Global Editor, Base Oil News

Iain Pocock

Global Editor

Global Base Oils and Lubricants Markets

Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

Baseoilnews.com combines daily, weekly and monthly base oils and lubes fundamentals data from every region of the world to build the most comprehensive and up-to-date global picture of the state of the market.

The data and analysis provide key tools to understand current market developments and opportunities and to anticipate how the market is likely to behave in the coming months.

Base oils producers, lube blenders and consumers can then better plan accordingly.

Baseoilnews.com analyses and publishes market news and data every day as it breaks.

Commodities

<ul><li>Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.</li><li>Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.</li><li>Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.</li></ul>

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.

Global base oils arb outlook: Week of 30 June

<ul><li>Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.</li><li>Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.</li><li>Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.</li></ul>

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.

Asia base oils supply outlook: Week of 30 June

<ul><li>Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices.</li><li>Prospect of seasonal slowdown in consumption and rise in surplus supply in coming weeks adds to incentive to hold back and to procure top-up supplies on need-to basis.</li><li>Demand for Group II heavy grades could get support from concern about tighter availability of Group I heavy neutrals because of upcoming plant-maintenance in southeast Asia and uncertainty about stability of flows from Iran.</li></ul>

Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices.Prospect of seasonal slowdown in consumption and rise in surplus supply in coming weeks adds to incentive to hold back and to procure top-up supplies on need-to basis.Demand for Group II heavy grades could get support from concern about tighter availability of Group I heavy neutrals because of upcoming plant-maintenance in southeast Asia and uncertainty about stability of flows from Iran.

Asia base oils demand outlook: Week of 30 June

<ul><li>Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices.</li><li>Rising diesel premium to crude oil magnifies pressure on base oils prices.</li><li>Speed of fall in base oils price differentials suggests surge in crude prices rather than weaker supply-demand fundamentals is key factor driving lower margins.</li></ul>

Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices.Rising diesel premium to crude oil magnifies pressure on base oils prices.Speed of fall in base oils price differentials suggests surge in crude prices rather than weaker supply-demand fundamentals is key factor driving lower margins.

Global base oils margins outlook: Week of 23 June

<ul><li>Global base oils price differentials fall sharply relative to feedstock/competing fuel prices in June 2025 following surge in crude oil prices.</li><li>Speed and size of fall in base oils margins reflects more the surge in crude oil prices rather than sudden, unexpected change in base oils supply-demand fundamentals.</li><li>Lack of any sudden, unexpected change in supply-demand fundamentals could support reversion of base oils margins closer to their higher levels in early-June 2025 before their slump in recent weeks.</li></ul>

Global base oils price differentials fall sharply relative to feedstock/competing fuel prices in June 2025 following surge in crude oil prices.Speed and size of fall in base oils margins reflects more the surge in crude oil prices rather than sudden, unexpected change in base oils supply-demand fundamentals.Lack of any sudden, unexpected change in supply-demand fundamentals could support reversion of base oils margins closer to their higher levels in early-June 2025 before their slump in recent weeks.

Global base oils arb outlook: Week of 23 June

Japan

Idemitsu Kosan Co., Ltd. explores, imports, refines, and distributes petroleum and its related products.  The Company also manufactures and sells petrochemical products.

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Idemitsu Kosan (5019 JP)

Global base oils arb outlook: Week of 30 June

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices. Group II heavy-grade prices...

Base Oil News

Asia base oils supply outlook: Week of 30 June

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025. Recovery in light-grade base oils...

Base Oil News

Asia base oils demand outlook: Week of 30 June

Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices. Prospect of seasonal...

Base Oil News

Global base oils margins outlook: Week of 23 June

Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices. Rising diesel premium to crude oil...

Base Oil News

Global base oils arb outlook: Week of 23 June

Global base oils price differentials fall sharply relative to feedstock/competing fuel prices in June 2025 following surge in crude oil...

Base Oil News

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52-week Range

Market Cap (USDm)

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