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 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.</li>
<li>US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.</li>
<li>Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.</li>
</ul>


For the week ending 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.
US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.
Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.


[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

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 face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices.</li><li>Firming base oils premium points to tightening supply and rising demand, incentivizing refiners to maintain or raise output.</li><li>Recent slump in crude oil prices reflects concern about slowdown in global economic activity and subsequent drop in demand.</li></ul>

Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices.Firming base oils premium points to tightening supply and rising demand, incentivizing refiners to maintain or raise output.Recent slump in crude oil prices reflects concern about slowdown in global economic activity and subsequent drop in demand.

Global base oils margins outlook: Week of 7 April

<ul><li>US Group II base oils export price-discount to CFR India prices widens further through March 2025 even ahead of imposition of US tariffs and slump in crude oil prices.</li><li>US Group I brightstock export price flips to rare discount to CFR India price in recent weeks.</li><li>Ongoing weakness of US export prices points to weaker-than-usual domestic demand.</li></ul>

US Group II base oils export price-discount to CFR India prices widens further through March 2025 even ahead of imposition of US tariffs and slump in crude oil prices.US Group I brightstock export price flips to rare discount to CFR India price in recent weeks.Ongoing weakness of US export prices points to weaker-than-usual domestic demand.

Global base oils arb outlook: Week of 7 April

<ul><li>US base oils prices rise versus crude oil/competing fuel prices.</li><li>Base oils margins rise because of slump in crude oil prices.</li><li>Base oils premium to VGO previously stayed in relatively narrow range even with round of plant maintenance work and at time of year when demand faces seasonal boost.</li></ul>

US base oils prices rise versus crude oil/competing fuel prices.Base oils margins rise because of slump in crude oil prices.Base oils premium to VGO previously stayed in relatively narrow range even with round of plant maintenance work and at time of year when demand faces seasonal boost.

Americas/EMEA base oils supply outlook: Week of 7 April

<ul><li>US base oils demand could weaken in face of widespread market volatility and slumping crude prices.</li><li>Any slowdown in demand would be at a time of year when consumption typically gets a seasonal boost.</li><li>More muted demand would cushion impact of round of base oils plant maintenance work.</li></ul>

US base oils demand could weaken in face of widespread market volatility and slumping crude prices.Any slowdown in demand would be at a time of year when consumption typically gets a seasonal boost.More muted demand would cushion impact of round of base oils plant maintenance work.

Americas/EMEA base oils demand outlook: Week of 7 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.

Price Gauge
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Exxon Mobil (XOM US)

[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

Global base oils margins outlook: Week of 7 April

Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices. Firming base oils premium...

Base Oil News

Global base oils arb outlook: Week of 7 April

US Group II base oils export price-discount to CFR India prices widens further through March 2025 even ahead of imposition of US tariffs and slump...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 7 April

US base oils prices rise versus crude oil/competing fuel prices. Base oils margins rise because of slump in crude oil prices. Base oils premium to...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 7 April

US base oils demand could weaken in face of widespread market volatility and slumping crude prices. Any slowdown in demand would be at a time of...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

​US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

Global base oils margins outlook: Week of 7 April

Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices. Firming base oils premium...

Base Oil News

Global base oils arb outlook: Week of 7 April

US Group II base oils export price-discount to CFR India prices widens further through March 2025 even ahead of imposition of US tariffs and slump...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 7 April

US base oils prices rise versus crude oil/competing fuel prices. Base oils margins rise because of slump in crude oil prices. Base oils premium to...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 7 April

US base oils demand could weaken in face of widespread market volatility and slumping crude prices. Any slowdown in demand would be at a time of...

Base Oil News

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...