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>US base oils supply shows signs of staying at sufficient levels despite plant maintenance work, seasonal rise in demand and slump in imports in Feb 2025.</li><li>Ongoing flow of shipments to West Africa reflects persistent availability of surplus volumes.</li><li>US base oils prices surge relative to feedstock and heating oil prices in April 2025.</li></ul>

US base oils supply shows signs of staying at sufficient levels despite plant maintenance work, seasonal rise in demand and slump in imports in Feb 2025.Ongoing flow of shipments to West Africa reflects persistent availability of surplus volumes.US base oils prices surge relative to feedstock and heating oil prices in April 2025.

Americas/EMEA base oils supply outlook: Week of 14 April

<ul><li>Asia’s base oils demand likely to be more muted as unusually extreme market volatility boosts incentive for buyers to keep inventories at lower levels.</li><li>Uncertainty about outlook and sharp fall in crude oil prices so far this month add to incentive to hold back.</li><li>Blenders could face lower-than-usual inventories at start of Q2 2025 because of tight supply and firm demand in Q1 2025.</li></ul>

Asia’s base oils demand likely to be more muted as unusually extreme market volatility boosts incentive for buyers to keep inventories at lower levels.Uncertainty about outlook and sharp fall in crude oil prices so far this month add to incentive to hold back.Blenders could face lower-than-usual inventories at start of Q2 2025 because of tight supply and firm demand in Q1 2025.

Asia base oils demand outlook: Week of 14 April

<ul><li>US base oils demand could face more pressure from concern about growing disconnect between base oils prices and crude oil and feedstock prices.</li><li>Widening base oil premium to feedstock and diesel prices points to sudden improvement in demand and tightening supply.</li><li>Timing of surge in base oils premium suggests it is linked more to slump in crude oil prices than to marked change in supply-demand fundamentals.</li></ul>

US base oils demand could face more pressure from concern about growing disconnect between base oils prices and crude oil and feedstock prices.Widening base oil premium to feedstock and diesel prices points to sudden improvement in demand and tightening supply.Timing of surge in base oils premium suggests it is linked more to slump in crude oil prices than to marked change in supply-demand fundamentals.

Americas/EMEA base oils demand outlook: Week of 14 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 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.</li>
<li>US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.</li>
<li>Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.</li>
</ul>


For the week ending 04/Apr, U.S. crude inventories rose by 2.6m barrels (vs. expectations of 2.2m rise), and gasoline stockpiles fell less than expected.
US natural gas inventories rose by 57 Bcf for the week ending 04/Apr, missing analyst expectations of a 60 Bcf build. Inventories are 2.1% below the 5-year seasonal average.
Trump cancelled BP and Shell’s licenses for gas projects in Venezuela. UBS lowered its price target for Chevron, Exxon, Occidental, Halliburton, and Schlumberger.


[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

<ul><li>Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices.</li><li>Firming base oils premium points to tightening supply and rising demand, incentivizing refiners to maintain or raise output.</li><li>Recent slump in crude oil prices reflects concern about slowdown in global economic activity and subsequent drop in demand.</li></ul>

Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices.Firming base oils premium points to tightening supply and rising demand, incentivizing refiners to maintain or raise output.Recent slump in crude oil prices reflects concern about slowdown in global economic activity and subsequent drop in demand.

Global base oils margins outlook: Week of 7 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)

Americas/EMEA base oils supply outlook: Week of 14 April

US base oils supply shows signs of staying at sufficient levels despite plant maintenance work, seasonal rise in demand and slump in imports in...

Base Oil News

Asia base oils demand outlook: Week of 14 April

Asia’s base oils demand likely to be more muted as unusually extreme market volatility boosts incentive for buyers to keep inventories at lower...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 14 April

US base oils demand could face more pressure from concern about growing disconnect between base oils prices and crude oil and feedstock...

Base Oil News

[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

Global base oils margins outlook: Week of 7 April

Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices. Firming base oils premium...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Americas/EMEA base oils supply outlook: Week of 14 April

US base oils supply shows signs of staying at sufficient levels despite plant maintenance work, seasonal rise in demand and slump in imports in...

Base Oil News

Asia base oils demand outlook: Week of 14 April

Asia’s base oils demand likely to be more muted as unusually extreme market volatility boosts incentive for buyers to keep inventories at lower...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 14 April

US base oils demand could face more pressure from concern about growing disconnect between base oils prices and crude oil and feedstock...

Base Oil News

[ETP 2025/15] Tariff Pause Halts Slide in WTI and Henry Hub but U.S.-China Tensions Weigh on Prices

​US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...

Mint Finance

Global base oils margins outlook: Week of 7 April

Global base oils prices face growing upward pressure versus feedstock/diesel prices following slump in crude oil prices. Firming base oils premium...

Base Oil News

US oil inventories rise, gasoline stockpiles fall less than expected. Natural gas inventories miss analyst expectations. Trump cancels BP and...