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 base oils prices hold firm vs VGO prices.</li>
<li>Firm base oils margins sustain incentive for refiners to maintain high output.</li>
<li>Supply set to get further boost following expected completion of plant-maintenance in H1 Nov 2025.</li>
</ul>


US Group II base oils prices hold firm vs VGO prices.
Firm base oils margins sustain incentive for refiners to maintain high output.
Supply set to get further boost following expected completion of plant-maintenance in H1 Nov 2025.


Americas/EMEA base oils supply outlook: Week of 27 October

<ul><li>Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025.</li><li>Firm prices complicate arbitrage to move surplus supplies to markets like Latin America, suggesting Asia’s supply-demand fundamentals remain balanced to tight.</li><li>Asia’s Group II base oils price-premium to Singapore gasoil price stays at similar levels so far in Q4 2025 to end-Q3, even after recent rebound in crude/gasoil prices.</li></ul>

Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025.Firm prices complicate arbitrage to move surplus supplies to markets like Latin America, suggesting Asia’s supply-demand fundamentals remain balanced to tight.Asia’s Group II base oils price-premium to Singapore gasoil price stays at similar levels so far in Q4 2025 to end-Q3, even after recent rebound in crude/gasoil prices.

Global base oils arb outlook: Week of 27 October

<ul><li>US base oils prices rise versus feedstock/competing fuel prices, especially for Group II light-grade export prices.</li><li>Firmer margins point to steady-to-tight supply-demand fundamentals at a time of year when they typically start to weaken.</li><li>Firmer margins incentivize refiners to maintain or raise output.</li></ul>

US base oils prices rise versus feedstock/competing fuel prices, especially for Group II light-grade export prices.Firmer margins point to steady-to-tight supply-demand fundamentals at a time of year when they typically start to weaken.Firmer margins incentivize refiners to maintain or raise output.

Americas/EMEA base oils supply outlook: Week of 20 October

<ul><li>US base oils demand could stay cautious amid signs of sufficient availability of supply even with current plant-maintenance work and as regular export cargoes remove surplus volumes.</li><li>Sufficient availability of supply suggests demand is sufficiently weak to balance out current drop in volumes.</li><li>US domestic Group II base oils price-premium to vacuum gasoil (VGO) holds in narrow range so far in Q4 2025, reflecting that dynamic.</li></ul>

US base oils demand could stay cautious amid signs of sufficient availability of supply even with current plant-maintenance work and as regular export cargoes remove surplus volumes.Sufficient availability of supply suggests demand is sufficiently weak to balance out current drop in volumes.US domestic Group II base oils price-premium to vacuum gasoil (VGO) holds in narrow range so far in Q4 2025, reflecting that dynamic.

Americas/EMEA base oils demand outlook: Week of 20 October

<ul><li>US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year.</li><li>US Group II base oils domestic price-premium to export prices similarly stays in relatively narrow range so far this year.</li><li>US Group II heavy-grade price-discount to prices in markets like India similarly holds in relatively narrow range throughout most of this year.</li></ul>

US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year.US Group II base oils domestic price-premium to export prices similarly stays in relatively narrow range so far this year.US Group II heavy-grade price-discount to prices in markets like India similarly holds in relatively narrow range throughout most of this year.

Global base oils arb outlook: Week of 20 October

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)

Americas/EMEA base oils supply outlook: Week of 27 October

US Group II base oils prices hold firm vs VGO prices. Firm base oils margins sustain incentive for refiners to maintain high output. Supply set to...

Base Oil News

Global base oils arb outlook: Week of 27 October

Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025. Firm prices complicate arbitrage to move surplus...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 20 October

US base oils prices rise versus feedstock/competing fuel prices, especially for Group II light-grade export prices. Firmer margins point to...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 20 October

US base oils demand could stay cautious amid signs of sufficient availability of supply even with current plant-maintenance work and as regular...

Base Oil News

Global base oils arb outlook: Week of 20 October

US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year. US Group II base...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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