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 prices edge lower vs feedstock/competing fuel prices, stay well below recent highs in Q2 2025.</li><li>Lower base oils margins coincide with time of year when supply-demand fundamentals typically weaken.</li><li>Even at lower levels, base oils margins hold at levels that curb incentive for refiners to adjust output.</li></ul>

Global base oils prices edge lower vs feedstock/competing fuel prices, stay well below recent highs in Q2 2025.Lower base oils margins coincide with time of year when supply-demand fundamentals typically weaken.Even at lower levels, base oils margins hold at levels that curb incentive for refiners to adjust output.

Global base oils margins outlook: Week of 14 July

<ul><li>Europe’s Group II base oils prices hold unusually firm versus vacuum gasoil at start of Q3 2025.</li><li>Europe’s Group II base oils price-differentials hold unusually firm vs Group I and Group III base oils at start of Q3 2025.</li><li>Europe’s Group II base oils price-premium to Asia/US prices trends higher from early-Q2 2025.</li></ul>

Europe’s Group II base oils prices hold unusually firm versus vacuum gasoil at start of Q3 2025.Europe’s Group II base oils price-differentials hold unusually firm vs Group I and Group III base oils at start of Q3 2025.Europe’s Group II base oils price-premium to Asia/US prices trends higher from early-Q2 2025.

Global base oils arb outlook: Week of 14 July

<ul><li>Asia heavy-grade base oils price-premium to Singapore gasoil holds at elevated levels even as it slips from recent highs.</li><li>High heavy-grade margins point to firm supply-demand fundamentals, incentivize refiners to maintain or raise output of the grades.</li><li>Besides firm margins, outperformance of regional Group I SN 500 price relative to other grades and other regions points to even stronger fundamentals for that product.</li></ul>

Asia heavy-grade base oils price-premium to Singapore gasoil holds at elevated levels even as it slips from recent highs.High heavy-grade margins point to firm supply-demand fundamentals, incentivize refiners to maintain or raise output of the grades.Besides firm margins, outperformance of regional Group I SN 500 price relative to other grades and other regions points to even stronger fundamentals for that product.

Asia base oils supply outlook: Week of 14 July

<ul><li>US Group II base oils price-premium to heating oil edges lower, stays in narrow range since start of Q2 2025.</li><li>Base oils price-premium stays rangebound even with expected improvement in supply and slowdown in demand in coming weeks.</li><li>US base oils supply could rise more swiftly in coming weeks following completion of plant-maintenance work.</li></ul>

US Group II base oils price-premium to heating oil edges lower, stays in narrow range since start of Q2 2025.Base oils price-premium stays rangebound even with expected improvement in supply and slowdown in demand in coming weeks.US base oils supply could rise more swiftly in coming weeks following completion of plant-maintenance work.

Americas/EMEA base oils supply outlook: Week of 14 July

<ul><li>US base oils demand could ease as seasonal slowdown in consumption coincides with rise in supply.</li><li>Demand could get support from tighter surplus supply at start of Q3 2025 following recent plant-maintenance work in domestic and overseas markets.</li><li>Tighter surplus supply curbs prospect of any imminent price-adjustments at time of year when fundamentals typically weaken.</li></ul>

US base oils demand could ease as seasonal slowdown in consumption coincides with rise in supply.Demand could get support from tighter surplus supply at start of Q3 2025 following recent plant-maintenance work in domestic and overseas markets.Tighter surplus supply curbs prospect of any imminent price-adjustments at time of year when fundamentals typically weaken.

Americas/EMEA base oils demand outlook: Week of 14 July

United States

Base oil is the main component in the production of lubricants including greases, motor oil and processing fluids. They constitute around 90 percent in lubricants. The American Petroleum Institute (API) has categorized base oils into five categories. Group I, II and III are refined from crude.

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Base Oil (BASEOIL COMDTY)

Global base oils margins outlook: Week of 14 July

Global base oils prices edge lower vs feedstock/competing fuel prices, stay well below recent highs in Q2 2025. Lower base oils margins coincide...

Base Oil News

Global base oils arb outlook: Week of 14 July

Europe’s Group II base oils prices hold unusually firm versus vacuum gasoil at start of Q3 2025. Europe’s Group II base oils price-differentials...

Base Oil News

Asia base oils supply outlook: Week of 14 July

Asia heavy-grade base oils price-premium to Singapore gasoil holds at elevated levels even as it slips from recent highs. High heavy-grade margins...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 14 July

US Group II base oils price-premium to heating oil edges lower, stays in narrow range since start of Q2 2025. Base oils price-premium stays...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 14 July

US base oils demand could ease as seasonal slowdown in consumption coincides with rise in supply. Demand could get support from tighter surplus...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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