Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.35 per share: First Gas in 2Q26 with a Likely Upgrade to Discovered Gas Resources – The contract for the construction of a new 21 km gas pipeline (previously 14 km) for the SE‑MGH 5–7 mmcf/d development was signed in early January.</li><li>Site preparation is already underway, with first gas expected in 2Q26.</li><li>Project capex is now estimated at US$2 mm (vs. prior guidance of US$2–3 mm), of which US$1.9 mm has already been incurred.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.35 per share: First Gas in 2Q26 with a Likely Upgrade to Discovered Gas Resources – The contract for the construction of a new 21 km gas pipeline (previously 14 km) for the SE‑MGH 5–7 mmcf/d development was signed in early January.Site preparation is already underway, with first gas expected in 2Q26.Project capex is now estimated at US$2 mm (vs. prior guidance of US$2–3 mm), of which US$1.9 mm has already been incurred.

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>November supply rose month on month in every major market except the Middle East, where refinery-maintenance curtailed output.</li><li>Output posted the largest increase in the Americas, driven largely by the completion of plant-maintenance in the US.</li><li>Asia’s base oils output rose year on year for a fourth straight month, with gains extending into December.</li></ul>

November supply rose month on month in every major market except the Middle East, where refinery-maintenance curtailed output.Output posted the largest increase in the Americas, driven largely by the completion of plant-maintenance in the US.Asia’s base oils output rose year on year for a fourth straight month, with gains extending into December.

Global Base Oils Supply Rises in November Before Seasonal Slowdown

<ul><li>Asia demand rising: Philippines &amp; Vietnam imports rebounded in December, helping refiners clear surplus barrels</li><li>Indonesia Group III recovers: Exports rose as outage impacts faded; imports fell</li><li>Europe diverges: Group I supply rebounded in November, while Group II tightened on lower US and Saudi imports</li></ul>

Asia demand rising: Philippines &amp; Vietnam imports rebounded in December, helping refiners clear surplus barrelsIndonesia Group III recovers: Exports rose as outage impacts faded; imports fellEurope diverges: Group I supply rebounded in November, while Group II tightened on lower US and Saudi imports

Base Oils and Lubricants: Weekly Global Market Review - 06 Feb '26

<ul><li>Group II cargo-loadings from Taiwan pause in past week, after a surge in shipments in Dec 2025 and Jan 2026.</li><li>Several large cargoes loaded from Taiwan in H2 Jan 2026 before heading to India, with first shipment set to arrive in the coming days.</li><li>Singapore took delivery of another cargo from China in the past week, extending for a third straight week a wave of shipments from that market.</li></ul>

Group II cargo-loadings from Taiwan pause in past week, after a surge in shipments in Dec 2025 and Jan 2026.Several large cargoes loaded from Taiwan in H2 Jan 2026 before heading to India, with first shipment set to arrive in the coming days.Singapore took delivery of another cargo from China in the past week, extending for a third straight week a wave of shipments from that market.

Global Base Oils Cargo Flows: Week To 6 February

<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

United Kingdom

BP p.l.c. is a British multinational integrated energy company. It engages in oil and gas exploration, production, refining, distribution, and marketing, as well as renewable energy activities including solar, wind, and hydrogen businesses. The company was founded in 1908 and is headquartered in London, the United Kingdom.

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BP (BP US)

AUCTUS ON FRIDAY - 13.02.2026

AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price of C$0.35 per share: First Gas in 2Q26 with...

Auctus Advisors

Global Base Oils Supply Rises in November Before Seasonal Slowdown

November supply rose month on month in every major market except the Middle East, where refinery-maintenance curtailed output. Output posted the...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 06 Feb '26

Asia demand rising: Philippines & Vietnam imports rebounded in December, helping refiners clear surplus barrels Indonesia Group III...

Base Oil News

Global Base Oils Cargo Flows: Week To 6 February

Group II cargo-loadings from Taiwan pause in past week, after a surge in shipments in Dec 2025 and Jan 2026. Several large cargoes loaded from...

Base Oil News

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

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