Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

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Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

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Thematic (Sector/Industry)

<ul>
<li>The UAE formally announced its exit from OPEC and OPEC+, effective May 1, 2026, ending a 58-year membership, citing production quota constraints and national interest as the deciding factors.</li>
<li>As India's third-largest crude supplier with ~10% import share, a quota-free UAE could structurally lower India's energy import bill, ease CAD pressure, and directly lift refiner margins.</li>
<li>PSU oil marketing companies (IOC, BPCL, HPCL) stand to be the most direct beneficiaries; but the macro read extends to the rupee, inflation trajectory, and India's terms of trade.</li>
</ul>


The UAE formally announced its exit from OPEC and OPEC+, effective May 1, 2026, ending a 58-year membership, citing production quota constraints and national interest as the deciding factors.
As India's third-largest crude supplier with ~10% import share, a quota-free UAE could structurally lower India's energy import bill, ease CAD pressure, and directly lift refiner margins.
PSU oil marketing companies (IOC, BPCL, HPCL) stand to be the most direct beneficiaries; but the macro read extends to the rupee, inflation trajectory, and India's terms of trade.


How UAE's Exit from OPEC Will Reshapes India's Energy Sector?

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>Middle East supply tightened immediately as imports had already slumped, with lower inventories intensifying the impact of the disruptions.</li><li>West and North Africa entered the disruption period with already-thin buffers, as weaker European supply had curtailed the usual start-of-year inventory build.</li><li>Europe entered the disruption with higher Group III supply, but its reliance on the Middle East for over 30% of volumes left it facing renewed inventory pressure.</li></ul>

Middle East supply tightened immediately as imports had already slumped, with lower inventories intensifying the impact of the disruptions.West and North Africa entered the disruption period with already-thin buffers, as weaker European supply had curtailed the usual start-of-year inventory build.Europe entered the disruption with higher Group III supply, but its reliance on the Middle East for over 30% of volumes left it facing renewed inventory pressure.

Base Oils and Lubricants: Weekly Global Market Review - 24 Apr '26

<ul><li>Cargo with a combination of light and heavy Group II base oils set to load from Taiwan in the coming days, with China the likely destination.</li><li>Cargo is the first in second-half April, amid a sharp slowdown in flows compared with first-half April.</li><li>Large cargo loaded from Taiwan in early April before heading to India, set to arrive in the coming days.</li></ul>

Cargo with a combination of light and heavy Group II base oils set to load from Taiwan in the coming days, with China the likely destination.Cargo is the first in second-half April, amid a sharp slowdown in flows compared with first-half April.Large cargo loaded from Taiwan in early April before heading to India, set to arrive in the coming days.

Global Base Oils Cargo Flows: Week To 24 April

<ul><li>Pace of cargo loadings from Taiwan slowed in the past week, with most of this month’s shipments bound for India and Southeast Asia.</li><li>Two cargoes of Group II base oils loaded from Taiwan in early April before heading to India, set to arrive in the coming days.</li><li>Singapore took delivery of a large shipment from the Netherlands, that was likely arranged before the supply disruptions from end-February.</li></ul>

Pace of cargo loadings from Taiwan slowed in the past week, with most of this month’s shipments bound for India and Southeast Asia.Two cargoes of Group II base oils loaded from Taiwan in early April before heading to India, set to arrive in the coming days.Singapore took delivery of a large shipment from the Netherlands, that was likely arranged before the supply disruptions from end-February.

Global Base Oils Cargo Flows: Week To 17 April

<ul><li>Asia's March export surge deferred the impact of supply disruptions into the second quarter, but masking underlying shifts in trade flows</li><li>Singapore's exports held near a one-year low in the month to 15 April with volatile weekly flows and lower run rates pointing to tightening supply</li><li>South Korea's March exports hit a five-month high, partly covering lost Middle East Group III flows to the US, but cargo loadings showed signs of slowing in April</li></ul>

Asia's March export surge deferred the impact of supply disruptions into the second quarter, but masking underlying shifts in trade flowsSingapore's exports held near a one-year low in the month to 15 April with volatile weekly flows and lower run rates pointing to tightening supplySouth Korea's March exports hit a five-month high, partly covering lost Middle East Group III flows to the US, but cargo loadings showed signs of slowing in April

Base Oils and Lubricants: Weekly Global Market Review - 17 Apr '26

India

Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company involved in refining crude oil and marketing petroleum products, with significant presence in the upstream and downstream sectors. It operates refineries and an extensive marketing and distribution network across India, offering products such as petrol, diesel, LPG, and lubricants. The company is headquartered in Mumbai, Maharashtra, India, and was formed in 1976 through the nationalization of Burmah Shell.

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Bharat Petroleum (BPCL IN)

How UAE's Exit from OPEC Will Reshapes India's Energy Sector?

UAE exits OPEC, potentially lowering India's energy import bill and benefiting PSU oil marketing companies, with broader implications for the...

Nimish Maheshwari

Base Oils and Lubricants: Weekly Global Market Review - 24 Apr '26

Middle East supply tightened immediately as imports had already slumped, with lower inventories intensifying the impact of the...

Base Oil News

Global Base Oils Cargo Flows: Week To 24 April

Cargo with a combination of light and heavy Group II base oils set to load from Taiwan in the coming days, with China the likely...

Base Oil News

Global Base Oils Cargo Flows: Week To 17 April

Pace of cargo loadings from Taiwan slowed in the past week, with most of this month’s shipments bound for India and Southeast Asia. Two cargoes of...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 17 Apr '26

Asia's March export surge deferred the impact of supply disruptions into the second quarter, but masking underlying shifts in trade...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

How UAE's Exit from OPEC Will Reshapes India's Energy Sector?

​UAE exits OPEC, potentially lowering India's energy import bill and benefiting PSU oil marketing companies, with broader implications for the...

Nimish Maheshwari

Base Oils and Lubricants: Weekly Global Market Review - 24 Apr '26

Middle East supply tightened immediately as imports had already slumped, with lower inventories intensifying the impact of the...

Base Oil News

Global Base Oils Cargo Flows: Week To 24 April

Cargo with a combination of light and heavy Group II base oils set to load from Taiwan in the coming days, with China the likely...

Base Oil News

Global Base Oils Cargo Flows: Week To 17 April

Pace of cargo loadings from Taiwan slowed in the past week, with most of this month’s shipments bound for India and Southeast Asia. Two cargoes of...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 17 Apr '26

Asia's March export surge deferred the impact of supply disruptions into the second quarter, but masking underlying shifts in trade...

Base Oil News

UAE exits OPEC, potentially lowering India's energy import bill and benefiting PSU oil marketing companies, with broader implications for the...