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.

Commodities

<ul>
<li>For the week ending 18/Apr, U.S. crude inventories rose by 0.2m barrels (vs. expectations of a 0.7m barrel fall). Gasoline and distillate stockpiles fell more than expected.</li>
<li>Henry Hub is headed for a fourth straight weekly decline. U.S. natural gas inventories rose by 88 Bcf, exceeding analyst expectations of a 69 Bcf build.</li>
<li>Analysts cut price targets for Exxon, Chevron, Occidental, and Halliburton. Activist investor Elliott raised its stake in BP to just over 5% via derivative contracts.</li>
</ul>


For the week ending 18/Apr, U.S. crude inventories rose by 0.2m barrels (vs. expectations of a 0.7m barrel fall). Gasoline and distillate stockpiles fell more than expected.
Henry Hub is headed for a fourth straight weekly decline. U.S. natural gas inventories rose by 88 Bcf, exceeding analyst expectations of a 69 Bcf build.
Analysts cut price targets for Exxon, Chevron, Occidental, and Halliburton. Activist investor Elliott raised its stake in BP to just over 5% via derivative contracts.


[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

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.

<ul><li>Global base oils prices stay firm vs feedstock/competing fuel prices.</li><li>Firm base oils margins point to tight supply and strong demand.</li><li>Firm base oils margins incentivize refiners to raise base oils output.</li></ul>

Global base oils prices stay firm vs feedstock/competing fuel prices.Firm base oils margins point to tight supply and strong demand.Firm base oils margins incentivize refiners to raise base oils output.

Global base oils margins outlook: Week of 21 April

<ul><li>Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.</li><li>Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.</li><li>Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.</li></ul>

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.

Global base oils arb outlook: Week of 21 April

<ul><li>US domestic Group II base oils price premium to feedstock prices holds at more elevated levels.</li><li>Firm base oils margins incentivize refiners to maintain higher production levels.</li><li>Outright US domestic Group II prices fall in April 2025, at a time of year when prices typically hold steady or rise.</li></ul>

US domestic Group II base oils price premium to feedstock prices holds at more elevated levels.Firm base oils margins incentivize refiners to maintain higher production levels.Outright US domestic Group II prices fall in April 2025, at a time of year when prices typically hold steady or rise.

Americas/EMEA base oils supply outlook: Week of 21 April

<ul><li>Seasonal rise in US base oils demand likely to be more muted as concern about economic slowdown incentivizes blenders to maintain lower stocks.</li><li>Weak demand and rising surplus supply typically puts more pressure on export prices before domestic prices.</li><li>US base oils domestic prices instead fall while export prices hold steady so far in April 2025.</li></ul>

Seasonal rise in US base oils demand likely to be more muted as concern about economic slowdown incentivizes blenders to maintain lower stocks.Weak demand and rising surplus supply typically puts more pressure on export prices before domestic prices.US base oils domestic prices instead fall while export prices hold steady so far in April 2025.

Americas/EMEA base oils demand outlook: Week of 21 April

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)

[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...

Mint Finance

Global base oils margins outlook: Week of 21 April

Global base oils prices stay firm vs feedstock/competing fuel prices. Firm base oils margins point to tight supply and strong demand. Firm base...

Base Oil News

Global base oils arb outlook: Week of 21 April

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year. Asia’s Group II base oils...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 21 April

US domestic Group II base oils price premium to feedstock prices holds at more elevated levels. Firm base oils margins incentivize refiners to...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 21 April

Seasonal rise in US base oils demand likely to be more muted as concern about economic slowdown incentivizes blenders to maintain lower...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/17] WTI Tumbles Amid U.S. Trade Policy Uncertainty, Henry Hub Continues to Slide

​US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...

Mint Finance

Global base oils margins outlook: Week of 21 April

Global base oils prices stay firm vs feedstock/competing fuel prices. Firm base oils margins point to tight supply and strong demand. Firm base...

Base Oil News

Global base oils arb outlook: Week of 21 April

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year. Asia’s Group II base oils...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 21 April

US domestic Group II base oils price premium to feedstock prices holds at more elevated levels. Firm base oils margins incentivize refiners to...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 21 April

Seasonal rise in US base oils demand likely to be more muted as concern about economic slowdown incentivizes blenders to maintain lower...

Base Oil News

US crude inventories rose unexpectedly, while gasoline and distillate stockpiles fell. Analysts lowered price targets for major oil companies,...