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.

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

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Commodities

<ul><li>Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days.</li><li>A cargo loaded from South Korea in second-half June  and reached Brazil in recent days, after a stop in South Africa.</li><li>A large cargo loaded from Singapore in the past week before heading to Fujairah, UAE, set to arrive in second-half August; it is the first such shipment to the UAE since March.</li></ul>

Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days.A cargo loaded from South Korea in second-half June  and reached Brazil in recent days, after a stop in South Africa.A large cargo loaded from Singapore in the past week before heading to Fujairah, UAE, set to arrive in second-half August; it is the first such shipment to the UAE since March.

Global Base Oils Cargo Flows: Week To 14 August

<ul><li>Surge in Group II cargo loadings from Taiwan at end-July extended into early August, with a wave of shipments moving mostly to Southeast Asian markets, including the Philippines and Indonesia.</li><li>Cargo loaded from South Korea in early-July before heading to the US Gulf coast, arrived in recent days.</li><li>Singapore took delivery in the past week of its largest cargo from the UAE since last September, despite ongoing disruption to Middle East shipping.</li></ul>

Surge in Group II cargo loadings from Taiwan at end-July extended into early August, with a wave of shipments moving mostly to Southeast Asian markets, including the Philippines and Indonesia.Cargo loaded from South Korea in early-July before heading to the US Gulf coast, arrived in recent days.Singapore took delivery in the past week of its largest cargo from the UAE since last September, despite ongoing disruption to Middle East shipping.

Global Base Oils Cargo Flows: Week To 7 August

<ul><li>Global base oils markets grew more divided by region as Asia's broad supply softened Middle East disruptions, Europe's premium-grade supply drew on non-Middle East routes, though not enough to ease Group III tightness, and the US stayed structurally tighter.</li></ul><ul><li>Asia's broader supply base limited the impact of Middle East Group III disruptions, while the US stayed structurally tighter.</li><li>Singapore's prolonged production constraints kept imports elevated and exports subdued, giving rival Asian suppliers more time to strengthen relationships with buyers traditionally reliant on Singapore.</li></ul>

Global base oils markets grew more divided by region as Asia's broad supply softened Middle East disruptions, Europe's premium-grade supply drew on non-Middle East routes, though not enough to ease Group III tightness, and the US stayed structurally tighter.Asia's broader supply base limited the impact of Middle East Group III disruptions, while the US stayed structurally tighter.Singapore's prolonged production constraints kept imports elevated and exports subdued, giving rival Asian suppliers more time to strengthen relationships with buyers traditionally reliant on Singapore.

Base Oils and Lubricants: Weekly Global Market Review - 07 Aug '26

<ul><li>Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July.</li><li>Cargo carrying a combination of Group II light and heavy grades loaded from Taiwan in the past week before heading to South Korea.</li><li>Shipments from Taiwan to South Korea often then move on to other markets like the Americas.</li></ul>

Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July.Cargo carrying a combination of Group II light and heavy grades loaded from Taiwan in the past week before heading to South Korea.Shipments from Taiwan to South Korea often then move on to other markets like the Americas.

Global Base Oils Cargo Flows: Week To 31 July

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers threatened to tighten supply further. South Korea and India continued filling part of the shortfall, Singapore became a net base oils importer for the first time in five years, and slower replacement cargoes from Europe and the US pointed to limited spare supply ahead of August.

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers threatened to tighten supply further. South Korea and India continued filling part of the shortfall, Singapore became a net base oils importer for the first time in five years, and slower replacement cargoes from Europe and the US pointed to limited spare supply ahead of August.

Base Oils and Lubricants: Weekly Global Market Review - 31 Jul '26

China

Sinopec Shanghai Petrochemical is one of China's largest integrated refining and petrochemical enterprises, producing refined oil products, intermediate petrochemicals, synthetic resins, and synthetic fibers. Its key products include gasoline, diesel, ethylene, propylene, polyethylene, and polyester. The company was established in 1972 and is headquartered in Jinshan District, Shanghai, China.

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Sinopec Shanghai Petrochemical (338 HK)

Global Base Oils Cargo Flows: Week To 14 August

Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days. A...

Base Oil News

Global Base Oils Cargo Flows: Week To 7 August

Surge in Group II cargo loadings from Taiwan at end-July extended into early August, with a wave of shipments moving mostly to Southeast Asian...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 07 Aug '26

Global base oils markets grew more divided by region as Asia's broad supply softened Middle East disruptions, Europe's premium-grade supply drew...

Base Oil News

Global Base Oils Cargo Flows: Week To 31 July

Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July. Cargo carrying a combination of Group II...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 31 Jul '26

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers...

Base Oil News

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