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.

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Commodities

<ul><li>Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July.</li><li>Cargo carrying a combination of Group II light and heavy grades loaded from Taiwan in the past week before heading to South Korea.</li><li>Shipments from Taiwan to South Korea often then move on to other markets like the Americas.</li></ul>

Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July.Cargo carrying a combination of Group II light and heavy grades loaded from Taiwan in the past week before heading to South Korea.Shipments from Taiwan to South Korea often then move on to other markets like the Americas.

Global Base Oils Cargo Flows: Week To 31 July

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers threatened to tighten supply further. South Korea and India continued filling part of the shortfall, Singapore became a net base oils importer for the first time in five years, and slower replacement cargoes from Europe and the US pointed to limited spare supply ahead of August.

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers threatened to tighten supply further. South Korea and India continued filling part of the shortfall, Singapore became a net base oils importer for the first time in five years, and slower replacement cargoes from Europe and the US pointed to limited spare supply ahead of August.

Base Oils and Lubricants: Weekly Global Market Review - 31 Jul '26

<ul><li>The Group III shortage continued reshaping global trade flows, as Asia increasingly steps in to fill the gap.</li><li>Asia showed tentative signs of export recovery, with Singapore shipments picking up and Taiwan loadings improving after two months of disruption.</li><li>China's strong June Group III production and base oils exports, together with India's rising shipments, showed Asia increasingly filling supply gaps left by the Middle East.</li></ul>

The Group III shortage continued reshaping global trade flows, as Asia increasingly steps in to fill the gap.Asia showed tentative signs of export recovery, with Singapore shipments picking up and Taiwan loadings improving after two months of disruption.China's strong June Group III production and base oils exports, together with India's rising shipments, showed Asia increasingly filling supply gaps left by the Middle East.

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

<ul><li>Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week.</li><li>Shipment adds to a gradual pick-up in flows over the past week, although July volumes remain well down from month-earlier levels.</li><li>Singapore took delivery of additional supplies from Qatar, triggering a strong rebound in shipments from that market this month.</li></ul>

Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week.Shipment adds to a gradual pick-up in flows over the past week, although July volumes remain well down from month-earlier levels.Singapore took delivery of additional supplies from Qatar, triggering a strong rebound in shipments from that market this month.

Global Base Oils Cargo Flows: Week To 24 July

<ul><li>Taiwan cargo loadings stayed unusually low for a second week, leaving first-half July volumes below month-earlier levels.</li><li>Singapore took delivery of a swathe of shipments from the Netherlands and US, extending strong inflows over the previous week.</li><li>Singapore also received a large cargo from Qatar, after an almost complete pause in such flows for most of the past two months.</li></ul>

Taiwan cargo loadings stayed unusually low for a second week, leaving first-half July volumes below month-earlier levels.Singapore took delivery of a swathe of shipments from the Netherlands and US, extending strong inflows over the previous week.Singapore also received a large cargo from Qatar, after an almost complete pause in such flows for most of the past two months.

Global Base Oils Cargo Flows: Week To 17 July

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 31 July

Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July. Cargo carrying a combination of Group II...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 31 Jul '26

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers...

Base Oil News

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

The Group III shortage continued reshaping global trade flows, as Asia increasingly steps in to fill the gap. Asia showed tentative signs of...

Base Oil News

Global Base Oils Cargo Flows: Week To 24 July

Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week. Shipment adds to a gradual...

Base Oil News

Global Base Oils Cargo Flows: Week To 17 July

Taiwan cargo loadings stayed unusually low for a second week, leaving first-half July volumes below month-earlier levels. Singapore took delivery...

Base Oil News

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