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 base oils prices mostly fall versus feedstock/competing fuel prices.</li><li>Price-differentials fall more steeply in Europe and US than in Asia, pointing to weaker supply-demand fundamentals in those markets.</li><li>Even with lower differentials, global base oils margins hold at levels that incentivize refiners to maintain firm output.</li></ul>

Global base oils prices mostly fall versus feedstock/competing fuel prices.Price-differentials fall more steeply in Europe and US than in Asia, pointing to weaker supply-demand fundamentals in those markets.Even with lower differentials, global base oils margins hold at levels that incentivize refiners to maintain firm output.

Global base oils margins outlook: Week of 8 September

<ul><li>FOB Asia Group II base oils prices hold unusually firm versus US export prices so far in Q3 2025.</li><li>Asia’s firm prices make arbitrage to move surplus supplies to Americas hard to work.</li><li>Closed arbitrage complicates removal of surplus supplies, raising prospect of build-up of supplies in Asia-Pacific market.</li></ul>

FOB Asia Group II base oils prices hold unusually firm versus US export prices so far in Q3 2025.Asia’s firm prices make arbitrage to move surplus supplies to Americas hard to work.Closed arbitrage complicates removal of surplus supplies, raising prospect of build-up of supplies in Asia-Pacific market.

Global base oils arb outlook: Week of 8 September

<ul><li>Asia’s base oils prices hold relatively firm vs Singapore gasoil even as they edge lower.</li><li>Light-grade margins slip even amid signs of healthy regional demand.</li><li>Premium of ex-tank Singapore Group II N150 to FOB Asia cargo price also falls to lowest Q2 2024.</li></ul>

Asia’s base oils prices hold relatively firm vs Singapore gasoil even as they edge lower.Light-grade margins slip even amid signs of healthy regional demand.Premium of ex-tank Singapore Group II N150 to FOB Asia cargo price also falls to lowest Q2 2024.

Asia base oils supply outlook: Week of 8 September

<ul><li>Asia’s base oils demand could be more cautious amid expectations of healthy availability of supply within the region and in other markets.</li><li>Signs of more manageable build-up of surplus supplies in July-Aug 2025 curb pressure on refiners to make sharp price adjustments to clear volumes.</li><li>Signs of pick-up in availability of supplies in other markets could still put pressure on regional refiners to adjust prices to stay competitive.</li></ul>

Asia’s base oils demand could be more cautious amid expectations of healthy availability of supply within the region and in other markets.Signs of more manageable build-up of surplus supplies in July-Aug 2025 curb pressure on refiners to make sharp price adjustments to clear volumes.Signs of pick-up in availability of supplies in other markets could still put pressure on regional refiners to adjust prices to stay competitive.

Asia base oils demand outlook: Week of 8 September

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Sep 5th. The aggregated short interest is USD368m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Sime Darby, IJM, Telekom Malaysia, Icon Offshore, UEM Sunrise.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Sep 5th. The aggregated short interest is USD368m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Sime Darby, IJM, Telekom Malaysia, Icon Offshore, UEM Sunrise.


Bursa Short Interest Weekly (Sep 5th): Sime Darby, IJM, Telekom Malaysia, Icon Offshore, UEM Sunrise

Malaysia

Petronas Chemicals Group Bhd. is a chemical company. The Company offers a diversified range of petrochemical products such as olefins, polymers, fertilisers, methanol, and other basic chemicals and derivative products.

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Petronas Chemicals Group (PCHEM MK)

Global base oils margins outlook: Week of 8 September

Global base oils prices mostly fall versus feedstock/competing fuel prices. Price-differentials fall more steeply in Europe and US than in Asia,...

Base Oil News

Global base oils arb outlook: Week of 8 September

FOB Asia Group II base oils prices hold unusually firm versus US export prices so far in Q3 2025. Asia’s firm prices make arbitrage to move...

Base Oil News

Asia base oils supply outlook: Week of 8 September

Asia’s base oils prices hold relatively firm vs Singapore gasoil even as they edge lower. Light-grade margins slip even amid signs of healthy...

Base Oil News

Asia base oils demand outlook: Week of 8 September

Asia’s base oils demand could be more cautious amid expectations of healthy availability of supply within the region and in other markets. Signs...

Base Oil News

Bursa Short Interest Weekly (Sep 5th): Sime Darby, IJM, Telekom Malaysia, Icon Offshore, UEM Sunrise

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Sime Darby, IJM, Telekom Malaysia,...

Ke Yan, CFA, FRM

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)