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>Asia’s base oils demand could get support from surge in crude oil prices and concerns about disruptions to supply in Middle East.</li><li>A sustained rise in crude oil prices would squeeze base oils margins.</li><li>Lower margins could curb downward pressure on prices.</li></ul>

Asia’s base oils demand could get support from surge in crude oil prices and concerns about disruptions to supply in Middle East.A sustained rise in crude oil prices would squeeze base oils margins.Lower margins could curb downward pressure on prices.

Asia base oils demand outlook: Week of 16 June

<ul><li>Global base oils prices mostly hold firm vs feedstock/competing fuel prices, especially in Europe and Asia.</li><li>Firm price differentials point to strong supply-demand fundamentals, incentivize refiners to supply more volumes for those markets.</li><li>Demand would need to hold firm to absorb any such pick-up in supplies.</li></ul>

Global base oils prices mostly hold firm vs feedstock/competing fuel prices, especially in Europe and Asia.Firm price differentials point to strong supply-demand fundamentals, incentivize refiners to supply more volumes for those markets.Demand would need to hold firm to absorb any such pick-up in supplies.

Global base oils margins outlook: Week of 2 June

<ul><li>US domestic Group I SN 500 price rises to premium to Group II N600 price in May 2025 for first time in more than four years.</li><li>In Middle East, CFR UAE Group I SN 500 price discount to Group II N500 shrinks to narrowest in more than seven months.</li><li>In Asia, FOB Asia Group I SN 500 price strengthens vs Group II N500 in May 2025 to firmest level in six months.</li></ul>

US domestic Group I SN 500 price rises to premium to Group II N600 price in May 2025 for first time in more than four years.In Middle East, CFR UAE Group I SN 500 price discount to Group II N500 shrinks to narrowest in more than seven months.In Asia, FOB Asia Group I SN 500 price strengthens vs Group II N500 in May 2025 to firmest level in six months.

Global base oils arb outlook: Week of 2 June

<ul><li>Asia’s heavy-grade base oils price-premium to Singapore gasoil stays unusually high.</li><li>Firm base oils premium suggests supply remains tight and demand firm, incentivizing refiners to raise output.</li><li>Gap between Group II light and heavy-grade base oils prices widens more even after restart of growing number of base oils units following scheduled maintenance work.</li></ul>

Asia’s heavy-grade base oils price-premium to Singapore gasoil stays unusually high.Firm base oils premium suggests supply remains tight and demand firm, incentivizing refiners to raise output.Gap between Group II light and heavy-grade base oils prices widens more even after restart of growing number of base oils units following scheduled maintenance work.

Asia base oils supply outlook: Week of 2 June

<ul><li>Asia’s base oils demand could soften as weakening supply-demand fundamentals incentivize buyers to maintain lower stocks.</li><li>Seasonal slowdown in lube consumption set to coincide with pick-up in supply following restart of growing number of plants after maintenance work.</li><li>Weaker demand in markets like Japan frees up more surplus volumes for export, adding to supply.</li></ul>

Asia’s base oils demand could soften as weakening supply-demand fundamentals incentivize buyers to maintain lower stocks.Seasonal slowdown in lube consumption set to coincide with pick-up in supply following restart of growing number of plants after maintenance work.Weaker demand in markets like Japan frees up more surplus volumes for export, adding to supply.

Asia base oils demand outlook: Week of 2 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)

Asia base oils demand outlook: Week of 16 June

Asia’s base oils demand could get support from surge in crude oil prices and concerns about disruptions to supply in Middle East. A sustained rise...

Base Oil News

Global base oils margins outlook: Week of 2 June

Global base oils prices mostly hold firm vs feedstock/competing fuel prices, especially in Europe and Asia. Firm price differentials point to...

Base Oil News

Global base oils arb outlook: Week of 2 June

US domestic Group I SN 500 price rises to premium to Group II N600 price in May 2025 for first time in more than four years. In Middle East, CFR...

Base Oil News

Asia base oils supply outlook: Week of 2 June

Asia’s heavy-grade base oils price-premium to Singapore gasoil stays unusually high. Firm base oils premium suggests supply remains tight and...

Base Oil News

Asia base oils demand outlook: Week of 2 June

Asia’s base oils demand could soften as weakening supply-demand fundamentals incentivize buyers to maintain lower stocks. Seasonal slowdown in...

Base Oil News

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