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 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>Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.</li><li>Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.</li><li>Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.</li></ul>

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.

Asia base oils supply outlook: Week of 30 June

<ul><li>Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices.</li><li>Prospect of seasonal slowdown in consumption and rise in surplus supply in coming weeks adds to incentive to hold back and to procure top-up supplies on need-to basis.</li><li>Demand for Group II heavy grades could get support from concern about tighter availability of Group I heavy neutrals because of upcoming plant-maintenance in southeast Asia and uncertainty about stability of flows from Iran.</li></ul>

Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices.Prospect of seasonal slowdown in consumption and rise in surplus supply in coming weeks adds to incentive to hold back and to procure top-up supplies on need-to basis.Demand for Group II heavy grades could get support from concern about tighter availability of Group I heavy neutrals because of upcoming plant-maintenance in southeast Asia and uncertainty about stability of flows from Iran.

Asia base oils demand outlook: Week of 30 June

<ul><li>Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices.</li><li>Rising diesel premium to crude oil magnifies pressure on base oils prices.</li><li>Speed of fall in base oils price differentials suggests surge in crude prices rather than weaker supply-demand fundamentals is key factor driving lower margins.</li></ul>

Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices.Rising diesel premium to crude oil magnifies pressure on base oils prices.Speed of fall in base oils price differentials suggests surge in crude prices rather than weaker supply-demand fundamentals is key factor driving lower margins.

Global base oils margins outlook: Week of 23 June

India

Bharat Petroleum Corporation Limited explores for and refines crude oil. The Company manufactures petroleum, petroleum products, lubricants, liquefied petroleum gas, aromatics like benzene and toluene, and other related products. Bharat has retail outlets throughout the country.

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Bharat Petroleum Corp (BPCL IN)

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

Asia base oils supply outlook: Week of 30 June

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025. Recovery in light-grade base oils...

Base Oil News

Asia base oils demand outlook: Week of 30 June

Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices. Prospect of seasonal...

Base Oil News

Global base oils margins outlook: Week of 23 June

Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices. Rising diesel premium to crude oil...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)