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>Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early March.</li><li>Taiwan's February cargo loadings fell sharply from January, pointing to a drop in total exports last month to the lowest in around a year.</li><li>Large cargo of premium-grade base oils loaded from South Korea in early March bound for the US Gulf coast, set to arrive in first-half April.</li></ul>

Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early March.Taiwan's February cargo loadings fell sharply from January, pointing to a drop in total exports last month to the lowest in around a year.Large cargo of premium-grade base oils loaded from South Korea in early March bound for the US Gulf coast, set to arrive in first-half April.

Global Base Oils Cargo Flows: Week To 6 March

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.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

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.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>The Iran war has effectively severed India's primary LNG supply corridor, triggering output cuts at at least three domestic urea plants and a force majeure notice from Petronet LNG.</li>
<li>LNG accounts for 80% of fertiliser sector gas demand in India. A prolonged disruption arriving just ahead of kharif planting risks higher subsidy burdens, costlier imports, margin compression for companies.</li>
<li>Gas-Dependent urea producers (Chambal, GSFC, NFL, RCF) face near-term earnings headwinds; phosphate-focused names like Coromandel could face sulphur input inflation.</li>
</ul>


The Iran war has effectively severed India's primary LNG supply corridor, triggering output cuts at at least three domestic urea plants and a force majeure notice from Petronet LNG.
LNG accounts for 80% of fertiliser sector gas demand in India. A prolonged disruption arriving just ahead of kharif planting risks higher subsidy burdens, costlier imports, margin compression for companies.
Gas-Dependent urea producers (Chambal, GSFC, NFL, RCF) face near-term earnings headwinds; phosphate-focused names like Coromandel could face sulphur input inflation.


How the Iran War Is Squeezing India's Fertiliser Sector?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>Iran launched ballistic missiles and drones at US assets and infrastructure in Saudi-neighboring GCC states  in direct retaliation US-Israel joint strikes on Iranian leadership and nuclear sites.</li>
<li>The attacks exploit GCC-hosted US bases, threaten 20% of global oil transit via the Strait of Hormuz, and have already driven Brent crude up 12% since escalation.</li>
<li>Iran is shifting from proxy warfare to a "regionalized cost" strategy, attempting to leverage the security of U.S. allies and global energy chokepoints to force a ceasefire.</li>
</ul>


Iran launched ballistic missiles and drones at US assets and infrastructure in Saudi-neighboring GCC states  in direct retaliation US-Israel joint strikes on Iranian leadership and nuclear sites.
The attacks exploit GCC-hosted US bases, threaten 20% of global oil transit via the Strait of Hormuz, and have already driven Brent crude up 12% since escalation.
Iran is shifting from proxy warfare to a "regionalized cost" strategy, attempting to leverage the security of U.S. allies and global energy chokepoints to force a ceasefire.


Why Iran Is Striking the Gulf to Counter US and Israel?

<ul>
<li>Middle East tensions have increased the risk of Brent crude moving toward USD 85-90 per barrel in the near term.</li>
<li>For India, every USD 10 rise in crude can add around 30 bps to inflation and widen the current account deficit.</li>
<li>The impact will vary by sector. Upstream oil companies benefit, while oil-intensive sectors face margin pressure if prices stay elevated.</li>
</ul>


Middle East tensions have increased the risk of Brent crude moving toward USD 85-90 per barrel in the near term.
For India, every USD 10 rise in crude can add around 30 bps to inflation and widen the current account deficit.
The impact will vary by sector. Upstream oil companies benefit, while oil-intensive sectors face margin pressure if prices stay elevated.


Event Driven- Middle East Volatility: How Indian Sectors Respond to Higher Crude

<ul><li>India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season buying.</li><li>Asia exports to the Middle East stay elevated despite Saudi plant restart, signalling resilient demand.</li><li>Singapore domestic exports surge to an 11-month high, pointing to a potential regional supply shift.</li></ul>

India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season buying.Asia exports to the Middle East stay elevated despite Saudi plant restart, signalling resilient demand.Singapore domestic exports surge to an 11-month high, pointing to a potential regional supply shift.

Base Oils and Lubricants: Weekly Global Market Review - 27 Feb '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)

Global Base Oils Cargo Flows: Week To 6 March

Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early...

Base Oil News

How the Iran War Is Squeezing India's Fertiliser Sector?

With LNG flows from the Strait of Hormuz near standstill and Qatar's mega urea plant dark, India's fertiliser companies face a feedstock shock at...

Nimish Maheshwari

Why Iran Is Striking the Gulf to Counter US and Israel?

Iran's ballistic missile strikes on US assets in GCC states threaten global oil transit and mark a shift in strategy towards leveraging regional...

Sudarshan Bhandari

Event Driven- Middle East Volatility: How Indian Sectors Respond to Higher Crude

Middle East tensions may push Brent crude towards $85-90/barrel, posing inflation and current account deficit risks for India, with varying...

Sudarshan Bhandari

Base Oils and Lubricants: Weekly Global Market Review - 27 Feb '26

India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Base Oils Cargo Flows: Week To 6 March

Group II cargo with a combination of light and heavy grades set to load from Taiwan in coming days following a slowdown in flows in early...

Base Oil News

How the Iran War Is Squeezing India's Fertiliser Sector?

With LNG flows from the Strait of Hormuz near standstill and Qatar's mega urea plant dark, India's fertiliser companies face a feedstock shock at...

Nimish Maheshwari

Why Iran Is Striking the Gulf to Counter US and Israel?

​Iran's ballistic missile strikes on US assets in GCC states threaten global oil transit and mark a shift in strategy towards leveraging regional...

Sudarshan Bhandari

Event Driven- Middle East Volatility: How Indian Sectors Respond to Higher Crude

​Middle East tensions may push Brent crude towards $85-90/barrel, posing inflation and current account deficit risks for India, with varying...

Sudarshan Bhandari

Base Oils and Lubricants: Weekly Global Market Review - 27 Feb '26

India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season...

Base Oil News

Iran's ballistic missile strikes on US assets in GCC states threaten global oil transit and mark a shift in strategy towards leveraging regional...

Middle East tensions may push Brent crude towards $85-90/barrel, posing inflation and current account deficit risks for India, with varying...