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 II export base oils price-premium to vacuum gasoil starts Q3 2025 at slightly lower levels than at start of Q3 2024.</li><li>In Q3 2024, US base oils price premium to VGO extends rise after surging from end-Q1 2024.</li><li>US base oils price-premium to VGO extends surge in Q3 2024 even with less feasible arbitrage to outlets like Europe, Middle East and India.</li></ul>

US Group II export base oils price-premium to vacuum gasoil starts Q3 2025 at slightly lower levels than at start of Q3 2024.In Q3 2024, US base oils price premium to VGO extends rise after surging from end-Q1 2024.US base oils price-premium to VGO extends surge in Q3 2024 even with less feasible arbitrage to outlets like Europe, Middle East and India.

Global base oils arb outlook: Week of 7 July

<ul><li>Global base oils prices recover versus feedstock/competing fuel prices after crude prices fall.</li><li>Firmer base oils price-differentials curb pressure on refiners to adjust output in response to squeezed margins.</li><li>Firmer margins, and easing pressure to adjust output, coincide with prospect of easing supply-demand fundamentals in coming weeks.</li></ul>

Global base oils prices recover versus feedstock/competing fuel prices after crude prices fall.Firmer base oils price-differentials curb pressure on refiners to adjust output in response to squeezed margins.Firmer margins, and easing pressure to adjust output, coincide with prospect of easing supply-demand fundamentals in coming weeks.

Global base oils margins outlook: Week of 30 June

<ul><li>Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.</li><li>Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.</li><li>Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.</li></ul>

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.

Global base oils arb outlook: Week of 30 June

<ul><li>US Group II base oils price-premium to VGO rebounds after fall in crude oil prices.</li><li>Excluding brief dip in June 2025, base oils margins hold in narrow range since early April 2025.</li><li>US Group II domestic and export base oils price-premium to VGO rises in Q2 2025 from Q1 2025.</li></ul>

US Group II base oils price-premium to VGO rebounds after fall in crude oil prices.Excluding brief dip in June 2025, base oils margins hold in narrow range since early April 2025.US Group II domestic and export base oils price-premium to VGO rises in Q2 2025 from Q1 2025.

Americas/EMEA base oils supply outlook: Week of 30 June

<ul><li>US base oils demand could stay cautious amid signs of sufficient supplies to cover domestic requirements.</li><li>Expectations of sufficient supply and seasonal slowdown in demand give buyers more leverage to hold back in face of recent volatility of crude oil prices and base oils margins.</li><li>Buyers face challenge of balancing prospect of slowdown in demand in Q3 2025 with risk of weather-related supply disruptions.</li></ul>

US base oils demand could stay cautious amid signs of sufficient supplies to cover domestic requirements.Expectations of sufficient supply and seasonal slowdown in demand give buyers more leverage to hold back in face of recent volatility of crude oil prices and base oils margins.Buyers face challenge of balancing prospect of slowdown in demand in Q3 2025 with risk of weather-related supply disruptions.

Americas/EMEA base oils demand outlook: Week of 30 June

United Arab Emirates

Abu Dhabi National Oil Company for Distribution PJSC markets and distributes petroleum products. The Company offers lubricants, liquid propane, greases, and natural gas for vehicles, as well as provides service stations for refueling, oil change, parts replacement, and car washing services. Abu Dhabi National Oil Company for Distribution serves customers worldwide.

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ADNOC Distribution (ADNOCDIS UH)

Global base oils arb outlook: Week of 7 July

US Group II export base oils price-premium to vacuum gasoil starts Q3 2025 at slightly lower levels than at start of Q3 2024. In Q3 2024, US base...

Base Oil News

Global base oils margins outlook: Week of 30 June

Global base oils prices recover versus feedstock/competing fuel prices after crude prices fall. Firmer base oils price-differentials curb pressure...

Base Oil News

Global base oils arb outlook: Week of 30 June

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices. Group II heavy-grade prices...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 30 June

US Group II base oils price-premium to VGO rebounds after fall in crude oil prices. Excluding brief dip in June 2025, base oils margins hold in...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 30 June

US base oils demand could stay cautious amid signs of sufficient supplies to cover domestic requirements. Expectations of sufficient supply and...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)