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>Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.</li><li>Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.</li><li>High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.</li></ul>

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.

Asia base oils demand outlook: Week of 21 April

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>For the week ending 11/Apr, U.S. crude inventories rose by 0.5m barrels (vs. expectations of a 0.4m barrel rise). Gasoline and distillate stockpiles fell more than expected.</li>
<li>Henry Hub headed for a fourth straight daily loss, with analysts expecting a 24 Bcf build in U.S. natural gas storage for the week ending 11/Apr.</li>
<li>Analysts cut price targets for Exxon, Chevron, Occidental, Schlumberger, and Halliburton, while TotalEnergies expects Q1 hydrocarbon production at the high end of its guidance range.</li>
</ul>


For the week ending 11/Apr, U.S. crude inventories rose by 0.5m barrels (vs. expectations of a 0.4m barrel rise). Gasoline and distillate stockpiles fell more than expected.
Henry Hub headed for a fourth straight daily loss, with analysts expecting a 24 Bcf build in U.S. natural gas storage for the week ending 11/Apr.
Analysts cut price targets for Exxon, Chevron, Occidental, Schlumberger, and Halliburton, while TotalEnergies expects Q1 hydrocarbon production at the high end of its guidance range.


[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

<ul><li>Global base oils prices rise sharply vs feedstock/gasoil prices.</li><li>Price premiums climb at time of year when they typically rise strongly in response to firmer supply-demand fundamentals.</li><li>Rise in price premiums in April 2025 coincides with slump in crude oil prices.</li></ul>

Global base oils prices rise sharply vs feedstock/gasoil prices.Price premiums climb at time of year when they typically rise strongly in response to firmer supply-demand fundamentals.Rise in price premiums in April 2025 coincides with slump in crude oil prices.

Global base oils margins outlook: Week of 14 April

<ul><li>US base oils export price discount to Asia base oils prices stays wide so far this year.</li><li>Wide price discount facilitates shipment of surplus supplies to markets like India.</li><li>US base oils and lube exports to India surge in Feb 2025, reflecting that dynamic.</li></ul>

US base oils export price discount to Asia base oils prices stays wide so far this year.Wide price discount facilitates shipment of surplus supplies to markets like India.US base oils and lube exports to India surge in Feb 2025, reflecting that dynamic.

Global base oils arb outlook: Week of 14 April

<ul><li>Asia’s base oils prices surge relative to feedstock and gasoil prices.</li><li>Surge in margins include light-grade base oils, for which supply is more readily available.</li><li>Increasingly high margins and closed arbitrage to other markets by contrast points to tight supply.</li></ul>

Asia’s base oils prices surge relative to feedstock and gasoil prices.Surge in margins include light-grade base oils, for which supply is more readily available.Increasingly high margins and closed arbitrage to other markets by contrast points to tight supply.

Asia base oils supply outlook: Week of 14 April

United Kingdom

BP P.L.C is an energy company. The Company explores and produces oil and natural gas, refines, markets, and supplies petroleum products, as well as generates solar energy, and manufactures and markets chemicals such as terephthalic acid, acetic acid, acrylonitrile, ethylene, and polyethylene. BP serves customers worldwide.

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BP (BP US)

Asia base oils demand outlook: Week of 21 April

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic...

Base Oil News

[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...

Mint Finance

Global base oils margins outlook: Week of 14 April

Global base oils prices rise sharply vs feedstock/gasoil prices. Price premiums climb at time of year when they typically rise strongly in...

Base Oil News

Global base oils arb outlook: Week of 14 April

US base oils export price discount to Asia base oils prices stays wide so far this year. Wide price discount facilitates shipment of surplus...

Base Oil News

Asia base oils supply outlook: Week of 14 April

Asia’s base oils prices surge relative to feedstock and gasoil prices. Surge in margins include light-grade base oils, for which supply is more...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Asia base oils demand outlook: Week of 21 April

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic...

Base Oil News

[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

​US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...

Mint Finance

Global base oils margins outlook: Week of 14 April

Global base oils prices rise sharply vs feedstock/gasoil prices. Price premiums climb at time of year when they typically rise strongly in...

Base Oil News

Global base oils arb outlook: Week of 14 April

US base oils export price discount to Asia base oils prices stays wide so far this year. Wide price discount facilitates shipment of surplus...

Base Oil News

Asia base oils supply outlook: Week of 14 April

Asia’s base oils prices surge relative to feedstock and gasoil prices. Surge in margins include light-grade base oils, for which supply is more...

Base Oil News

US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...