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>US Group III 4cSt base oils price-premium to Group II light grades falls at end-July for first time in three months, before extending dip in August 2025.</li><li>Asia’s Group III 4cSt (low) price-premium to Group II light grades starts trending lower from late-June 2025.</li><li>Europe Group III 4cSt (low) price-premium to Group I and Group II light grades continues to edge higher after protracted slump since early-2023.</li></ul>

US Group III 4cSt base oils price-premium to Group II light grades falls at end-July for first time in three months, before extending dip in August 2025.Asia’s Group III 4cSt (low) price-premium to Group II light grades starts trending lower from late-June 2025.Europe Group III 4cSt (low) price-premium to Group I and Group II light grades continues to edge higher after protracted slump since early-2023.

Global base oils arb outlook: Week of 11 August

<ul><li>Asia’s heavy-grade base oils price-premium to Singapore gasoil holds firm in narrow range, even if down from highs in Q2 2025.</li><li>Firm premium sustains incentive for refiners to maintain high output of heavy grades even amid signs of rise in surplus supply.</li><li>FOB Asia Group II heavy-grade price discount to CFR UAE prices rises to highest in more than a year.</li></ul>

Asia’s heavy-grade base oils price-premium to Singapore gasoil holds firm in narrow range, even if down from highs in Q2 2025.Firm premium sustains incentive for refiners to maintain high output of heavy grades even amid signs of rise in surplus supply.FOB Asia Group II heavy-grade price discount to CFR UAE prices rises to highest in more than a year.

Asia base oils supply outlook: Week of 11 August

<ul><li>Asia’s base oils demand could get support from moves to replenish stocks that were more balanced than expected at start of Q3 2025.</li><li>Blenders could be targeting additional supplies to cover seasonal rise in consumption in final weeks of Q3 2025.</li><li>Stocks could be more balanced than expected because of unusually strong rise in demand at end-Q2 2025.</li></ul>

Asia’s base oils demand could get support from moves to replenish stocks that were more balanced than expected at start of Q3 2025.Blenders could be targeting additional supplies to cover seasonal rise in consumption in final weeks of Q3 2025.Stocks could be more balanced than expected because of unusually strong rise in demand at end-Q2 2025.

Asia base oils demand outlook: Week of 11 August

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 Aug 8th. The aggregated short interest is USD405m.</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 Top Glove, Inari Amertron, YTL, Hartalega, Frontken.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Aug 8th. The aggregated short interest is USD405m.
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 Top Glove, Inari Amertron, YTL, Hartalega, Frontken.


Bursa Short Interest Weekly (Aug 8th): Top Glove, Inari Amertron, YTL, Hartalega, Frontken

<ul><li>Asia’s base oils demand could get support from moves to lock in supplies to meet seasonal pick-up in demand during final weeks of Q3 2025.</li><li>Demand could have already got steady underlying support in recent weeks because of tighter-than-expected supply-demand fundamentals at start of Q3 2025.</li><li>Persistently tighter fundamentals could prompt buyers to maintain higher stocks until they are confident about any sustained improvement in supply.</li></ul>

Asia’s base oils demand could get support from moves to lock in supplies to meet seasonal pick-up in demand during final weeks of Q3 2025.Demand could have already got steady underlying support in recent weeks because of tighter-than-expected supply-demand fundamentals at start of Q3 2025.Persistently tighter fundamentals could prompt buyers to maintain higher stocks until they are confident about any sustained improvement in supply.

Asia base oils demand outlook: Week of 4 August

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 arb outlook: Week of 11 August

US Group III 4cSt base oils price-premium to Group II light grades falls at end-July for first time in three months, before extending dip in...

Base Oil News

Asia base oils supply outlook: Week of 11 August

Asia’s heavy-grade base oils price-premium to Singapore gasoil holds firm in narrow range, even if down from highs in Q2 2025. Firm premium...

Base Oil News

Asia base oils demand outlook: Week of 11 August

Asia’s base oils demand could get support from moves to replenish stocks that were more balanced than expected at start of Q3 2025. Blenders could...

Base Oil News

Bursa Short Interest Weekly (Aug 8th): Top Glove, Inari Amertron, YTL, Hartalega, Frontken

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Top Glove, Inari Amertron, YTL,...

Ke Yan, CFA, FRM

Asia base oils demand outlook: Week of 4 August

Asia’s base oils demand could get support from moves to lock in supplies to meet seasonal pick-up in demand during final weeks of Q3 2025. Demand...

Base Oil News

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