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>Spare base oils supply is thin across major regions, leaving little room to absorb disruption from storms, outages or maintenance</li></ul><ul><li>Asia cleared a swathe of supply in the third quarter, leaving it balanced to tight with less room to cover other markets.</li><li>Singapore’s exports fell for a second week, a slowdown that would further limit Asia’s spare supply if it continues as seasonal demand firms.</li></ul>

Spare base oils supply is thin across major regions, leaving little room to absorb disruption from storms, outages or maintenanceAsia cleared a swathe of supply in the third quarter, leaving it balanced to tight with less room to cover other markets.Singapore’s exports fell for a second week, a slowdown that would further limit Asia’s spare supply if it continues as seasonal demand firms.

Base Oils and Lubricants: Weekly Global Market Review - 9 Oct '26

Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

Equity Bottom-Up

<ul><li>BP’s investment profile reflects a valuation re-rating opportunity justified by its integrated model and reset strategy, with the stock trading at a discount to its integrated oil peers following its 2025 strategy reset.</li><li>The company remains focused on capital discipline, upstream growth and portfolio high- grading, operating costs optimization and strong competitive positioning.</li><li>Recent performance highlights resilient fundamentals, with disciplined cash generation and improving returns supported by BP’s integrated energy value chain. </li></ul>

BP’s investment profile reflects a valuation re-rating opportunity justified by its integrated model and reset strategy, with the stock trading at a discount to its integrated oil peers following its 2025 strategy reset.The company remains focused on capital discipline, upstream growth and portfolio high- grading, operating costs optimization and strong competitive positioning.Recent performance highlights resilient fundamentals, with disciplined cash generation and improving returns supported by BP’s integrated energy value chain. 

BP PLC: Investment Thesis - Valuation Summary - August 25, 2026

<ul><li>Base oils shipments from Taiwan extended their slowdown into a second week, coinciding with planned plant maintenance starting in October.</li><li>A cargo with a combination of Group II light and heavy grades loaded from Taiwan in early September for Europe passed through the Red Sea and Suez Canal in recent days.</li><li>A cargo loaded from South Korea in recent days headed to Northwest Europe, with arrival due in second-half November.</li></ul>

Base oils shipments from Taiwan extended their slowdown into a second week, coinciding with planned plant maintenance starting in October.A cargo with a combination of Group II light and heavy grades loaded from Taiwan in early September for Europe passed through the Red Sea and Suez Canal in recent days.A cargo loaded from South Korea in recent days headed to Northwest Europe, with arrival due in second-half November.

Global Base Oils Cargo Flows: Week To 9 October

<ul><li>Base oils supply is tighter than usual for the time of year, as Asian barrels filling overseas gaps face a competing call from recovering demand in their regional markets</li></ul><ul><li>Singapore's export recovery shows how additional barrels are becoming available as earlier disruptions ease.</li><li>That extra Asian supply is now facing a competing call from within the region as demand recovers, while maintenance in Taiwan and Saudi Arabia will remove more production.</li></ul>

Base oils supply is tighter than usual for the time of year, as Asian barrels filling overseas gaps face a competing call from recovering demand in their regional marketsSingapore's export recovery shows how additional barrels are becoming available as earlier disruptions ease.That extra Asian supply is now facing a competing call from within the region as demand recovers, while maintenance in Taiwan and Saudi Arabia will remove more production.

Base Oils and Lubricants: Weekly Global Market Review - 2 Oct '26

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>The latest quarterly report for BP p.l.c. highlights several key developments in its operational, financial, and strategic initiatives during the second quarter of 2026 under the leadership of newly appointed CEO Meg O’Neill.</li><li>The period was marked by a volatile global energy environment, partly influenced by geopolitical disruptions in the Middle East, which affected upstream production and operational consistency.</li><li>On the positive side, BP delivered robust financial results with underlying profit reaching $5.7 billion—a $2.5 billion increase from the prior quarter—and operating cash flow of $10.9 billion, despite a $1 billion working capital build.</li></ul>

The latest quarterly report for BP p.l.c. highlights several key developments in its operational, financial, and strategic initiatives during the second quarter of 2026 under the leadership of newly appointed CEO Meg O’Neill.The period was marked by a volatile global energy environment, partly influenced by geopolitical disruptions in the Middle East, which affected upstream production and operational consistency.On the positive side, BP delivered robust financial results with underlying profit reaching $5.7 billion—a $2.5 billion increase from the prior quarter—and operating cash flow of $10.9 billion, despite a $1 billion working capital build.

BP’s $9 Billion Reset: Can Meg O’Neill Finally Simplify The Energy Giant?

United Kingdom

BP is a British multinational energy company engaged in the exploration, production, refining, transportation, and marketing of oil and natural gas. It also invests in low-carbon energy solutions such as wind, solar, and hydrogen, and offers products like fuels, lubricants, and petrochemicals. The company is headquartered in London, England, and was founded in 1909.

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BP (BP/ LN)

Base Oils and Lubricants: Weekly Global Market Review - 9 Oct '26

Spare base oils supply is thin across major regions, leaving little room to absorb disruption from storms, outages or maintenance Asia...

Base Oil News

BP PLC: Investment Thesis - Valuation Summary - August 25, 2026

The company remains focused on capital discipline, upstream growth and portfolio high- grading, operating costs optimization and strong competitive...

VRS (Valuation & Research Specialists)

Global Base Oils Cargo Flows: Week To 9 October

Base oils shipments from Taiwan extended their slowdown into a second week, coinciding with planned plant maintenance starting in October. A cargo...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 2 Oct '26

Base oils supply is tighter than usual for the time of year, as Asian barrels filling overseas gaps face a competing call from recovering demand...

Base Oil News

BP’s $9 Billion Reset: Can Meg O’Neill Finally Simplify The Energy Giant?

The latest quarterly report for BP p.l.c. highlights several key developments in its operational, financial, and strategic initiatives during the...

Baptista Research

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