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 price premium to feedstock/competing fuel prices stays higher at end-April 2025 than a month earlier.</li><li>Higher margins coincide with seasonal rise in demand and plant maintenance work.</li><li>Higher margins follow sharp fall in crude oil prices.</li></ul>

Global base oils price premium to feedstock/competing fuel prices stays higher at end-April 2025 than a month earlier.Higher margins coincide with seasonal rise in demand and plant maintenance work.Higher margins follow sharp fall in crude oil prices.

Global base oils margins outlook: Week of 28 April

<ul><li>US domestic Group I brightstock price outperforms lighter grades and Group II prices.</li><li>US export brightstock prices significantly lag brightstock prices in Europe and Asia.</li><li>Widening price-discount reflects signs of increasingly diverging supply-demand fundamentals between US and Europe and Asia.</li></ul>

US domestic Group I brightstock price outperforms lighter grades and Group II prices.US export brightstock prices significantly lag brightstock prices in Europe and Asia.Widening price-discount reflects signs of increasingly diverging supply-demand fundamentals between US and Europe and Asia.

Global base oils arb outlook: Week of 28 April

<ul><li>US base oils price premium to VGO/heating oil prices holds steadier after surging in H1 April 2025.</li><li>Firmer margins and steady prices coincide with signs of slowdown in shipments to markets like West Africa in April 2025.</li><li>Firmer margins and steadier prices coincide with steadier US Group II price discount to imported cargo prices in markets like India.</li></ul>

US base oils price premium to VGO/heating oil prices holds steadier after surging in H1 April 2025.Firmer margins and steady prices coincide with signs of slowdown in shipments to markets like West Africa in April 2025.Firmer margins and steadier prices coincide with steadier US Group II price discount to imported cargo prices in markets like India.

Americas/EMEA base oils supply outlook: Week of 28 April

<ul><li>US base oil demand likely to stay cautious amid persistent uncertainty about outlook for economy and costs.</li><li>Base oils prices hold steady even with lower feedstock prices in April 2025.</li><li>Lower feedstock prices raise concern about exposure to lower base oils prices, incentivizing buyers to hold back.</li></ul>

US base oil demand likely to stay cautious amid persistent uncertainty about outlook for economy and costs.Base oils prices hold steady even with lower feedstock prices in April 2025.Lower feedstock prices raise concern about exposure to lower base oils prices, incentivizing buyers to hold back.

Americas/EMEA base oils demand outlook: Week of 28 April

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Crude prices plunged to multi-year lows amid rising global supply and trade tensions, stoking demand fears and slowing U.S. shale activity.</li>
<li>Oilfield services firms are underperforming peers as falling rig counts and steel tariffs drive up costs and erode margins.</li>
<li>With fixed-cost-heavy models and fewer upstream clients, the sector faces amplified downside risks and limited pricing power in the near term.</li>
</ul>


Crude prices plunged to multi-year lows amid rising global supply and trade tensions, stoking demand fears and slowing U.S. shale activity.
Oilfield services firms are underperforming peers as falling rig counts and steel tariffs drive up costs and erode margins.
With fixed-cost-heavy models and fewer upstream clients, the sector faces amplified downside risks and limited pricing power in the near term.


Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

United States

Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.

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Exxon Mobil (XOM US)

Global base oils margins outlook: Week of 28 April

Global base oils price premium to feedstock/competing fuel prices stays higher at end-April 2025 than a month earlier. Higher margins coincide...

Base Oil News

Global base oils arb outlook: Week of 28 April

US domestic Group I brightstock price outperforms lighter grades and Group II prices. US export brightstock prices significantly lag brightstock...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 28 April

US base oils price premium to VGO/heating oil prices holds steadier after surging in H1 April 2025. Firmer margins and steady prices coincide with...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 28 April

US base oil demand likely to stay cautious amid persistent uncertainty about outlook for economy and costs. Base oils prices hold steady even with...

Base Oil News

Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global base oils margins outlook: Week of 28 April

Global base oils price premium to feedstock/competing fuel prices stays higher at end-April 2025 than a month earlier. Higher margins coincide...

Base Oil News

Global base oils arb outlook: Week of 28 April

US domestic Group I brightstock price outperforms lighter grades and Group II prices. US export brightstock prices significantly lag brightstock...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 28 April

US base oils price premium to VGO/heating oil prices holds steadier after surging in H1 April 2025. Firmer margins and steady prices coincide with...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 28 April

US base oil demand likely to stay cautious amid persistent uncertainty about outlook for economy and costs. Base oils prices hold steady even with...

Base Oil News

Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

​Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

Mint Finance

Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.