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>Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second month.</li><li>Large cargo loaded last week from Taiwan bound for India, set to arrive in H2 Feb 2026.</li><li>Singapore takes delivery of unusually large cargo from Netherlands in past week, even with healthy regional availability of supply.</li></ul>

Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second month.Large cargo loaded last week from Taiwan bound for India, set to arrive in H2 Feb 2026.Singapore takes delivery of unusually large cargo from Netherlands in past week, even with healthy regional availability of supply.

Global Base Oils Cargo Flows: Week To 30 January

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 US-Iran conflict and naval deployments recently triggered a <strong>16% crude surge</strong>, shattering the muted Q3 growth expectations.</li>
<li>Rising oil prices now generate massive revenue windfalls for upstream extractors like <a href="https://www.smartkarma.com/entities/oil-india-ltd" target="_blank" data-smartkarma-citation="entities:20751:1" rel="noopener">Oil India Ltd (OINL IN)</a> , while simultaneously squeezing marketing margins for major fuel retailers.</li>
<li>Pivot toward upstream giants and complex refiners to<strong> capture geopolitical alpha</strong>, as the "Iran Premium" continues to reshape Indian energy market valuations.</li>
</ul>


The US-Iran conflict and naval deployments recently triggered a 16% crude surge, shattering the muted Q3 growth expectations.
Rising oil prices now generate massive revenue windfalls for upstream extractors like Oil India Ltd (OINL IN) , while simultaneously squeezing marketing margins for major fuel retailers.
Pivot toward upstream giants and complex refiners to capture geopolitical alpha, as the "Iran Premium" continues to reshape Indian energy market valuations.


US-Iran Conflict: An Opportunity or Threat for Indian Oil Companies?

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analysed the earning revision of component stocks of MS-India in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel, Hindustan Petroleum, Adani Enterprises, GMR Airports.</li>
</ul>


We analysed the earning revision of component stocks of MS-India in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel, Hindustan Petroleum, Adani Enterprises, GMR Airports.


MS-India Index Earning Revision (Sep): SWIGGY, HDFC Bank, Axis Bank, Reliance Industries

<ul><li>Domestic China Group II light-grade price-premium to Shandong diesel extended its rise in January, climbing to the highest in more than four years.</li><li>The rising price-premium pointed to firm supply-demand fundamentals and signs of stock-building ahead of Lunar New Year holidays in the second half of February.</li><li>The firm margins incentivized domestic refiners to maintain higher operating rates, adding to domestic supply.</li></ul>

Domestic China Group II light-grade price-premium to Shandong diesel extended its rise in January, climbing to the highest in more than four years.The rising price-premium pointed to firm supply-demand fundamentals and signs of stock-building ahead of Lunar New Year holidays in the second half of February.The firm margins incentivized domestic refiners to maintain higher operating rates, adding to domestic supply.

Asia/China Base Oil Margins: Market Signals and Trade Implications

<ul><li>Large cargo with combination of light and heavy-grade Group II base oils loads from Taiwan this week, with size of shipment suggesting India is likely destination.</li><li>Cargo adds to steady flow of shipments in January, keeping Taiwan’s monthly exports high, with heavy grades accounting for a larger share.</li></ul>

Large cargo with combination of light and heavy-grade Group II base oils loads from Taiwan this week, with size of shipment suggesting India is likely destination.Cargo adds to steady flow of shipments in January, keeping Taiwan’s monthly exports high, with heavy grades accounting for a larger share.

Global Base Oils Cargo Flows: Week To 23 January

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 30 January

Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second...

Base Oil News

US-Iran Conflict: An Opportunity or Threat for Indian Oil Companies?

US-Iran conflict sparks 16% crude surge, benefiting upstream extractors like Oil India Ltd but squeezing fuel retailers' margins. Geopolitical...

Nimish Maheshwari

MS-India Index Earning Revision (Sep): SWIGGY, HDFC Bank, Axis Bank, Reliance Industries

We analyzed MS-India's consensus for Sep 2026 and highlighted changes of EPS in SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel,...

Ke Yan, CFA, FRM

Asia/China Base Oil Margins: Market Signals and Trade Implications

Domestic China Group II light-grade price-premium to Shandong diesel extended its rise in January, climbing to the highest in more than four...

Base Oil News

Global Base Oils Cargo Flows: Week To 23 January

Large cargo with combination of light and heavy-grade Group II base oils loads from Taiwan this week, with size of shipment suggesting India is...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Base Oils Cargo Flows: Week To 30 January

Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second...

Base Oil News

US-Iran Conflict: An Opportunity or Threat for Indian Oil Companies?

​US-Iran conflict sparks 16% crude surge, benefiting upstream extractors like Oil India Ltd but squeezing fuel retailers' margins. Geopolitical...

Nimish Maheshwari

MS-India Index Earning Revision (Sep): SWIGGY, HDFC Bank, Axis Bank, Reliance Industries

We analyzed MS-India's consensus for Sep 2026 and highlighted changes of EPS in SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel,...

Ke Yan, CFA, FRM

Asia/China Base Oil Margins: Market Signals and Trade Implications

Domestic China Group II light-grade price-premium to Shandong diesel extended its rise in January, climbing to the highest in more than four...

Base Oil News

Global Base Oils Cargo Flows: Week To 23 January

Large cargo with combination of light and heavy-grade Group II base oils loads from Taiwan this week, with size of shipment suggesting India is...

Base Oil News

US-Iran conflict sparks 16% crude surge, benefiting upstream extractors like Oil India Ltd but squeezing fuel retailers' margins. Geopolitical...