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 Group I heavy-neutrals price falls vs ex-tank UAE price since early-August to widest discount in more than two years.</li><li>Wider price-discount facilitates arbitrage to move surplus supplies from Asia to Middle East.</li><li>Asia’s surplus Group I supplies rise amid pick-up in imports from other regions like Europe, as well as recovery in output in markets like Thailand after plant-maintenance work.</li></ul>

Asia Group I heavy-neutrals price falls vs ex-tank UAE price since early-August to widest discount in more than two years.Wider price-discount facilitates arbitrage to move surplus supplies from Asia to Middle East.Asia’s surplus Group I supplies rise amid pick-up in imports from other regions like Europe, as well as recovery in output in markets like Thailand after plant-maintenance work.

Global base oils arb outlook: Week of 13 October

<ul><li>Global base oils prices mostly hold firm versus feedstock/competing fuel prices amid further drop in crude oil prices.</li><li>Mostly-steady outright base oils prices and lower crude prices cushion impact of strong gasoil premium to crude oil.</li><li>Strong gasoil crack-spread incentivizes any refinery moves to trim output levels to focus more on light grades than heavy grades.</li></ul>

Global base oils prices mostly hold firm versus feedstock/competing fuel prices amid further drop in crude oil prices.Mostly-steady outright base oils prices and lower crude prices cushion impact of strong gasoil premium to crude oil.Strong gasoil crack-spread incentivizes any refinery moves to trim output levels to focus more on light grades than heavy grades.

Global base oils margins outlook: Week of 13 October

<ul><li>Global base oils prices recover vs feedstock/gasoil prices after crude oil prices reverse recent gains.</li><li>Firmer base oils price-differentials ease pressure on refiners to trim run-rates at time of year when supply often starts to outpace demand.</li><li>Firmer price-differentials coincide with lighter round of plant-maintenance in coming weeks vs H1 2025.</li></ul>

Global base oils prices recover vs feedstock/gasoil prices after crude oil prices reverse recent gains.Firmer base oils price-differentials ease pressure on refiners to trim run-rates at time of year when supply often starts to outpace demand.Firmer price-differentials coincide with lighter round of plant-maintenance in coming weeks vs H1 2025.

Global base oils margins outlook: Week of 6 October

<ul><li>Global Group I brightstock prices stay unusually high relative to other grades.</li><li>Brightstock price-strength helps to cushion impact of lower prices for lighter-grade base oils, supporting firm Group I base oils margins in markets like Europe.</li><li>Firm Group I base oil margins incentivize refiners to maintain high output.</li></ul>

Global Group I brightstock prices stay unusually high relative to other grades.Brightstock price-strength helps to cushion impact of lower prices for lighter-grade base oils, supporting firm Group I base oils margins in markets like Europe.Firm Group I base oil margins incentivize refiners to maintain high output.

Global base oils arb outlook: Week of 6 October

<ul><li>Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices.</li><li>Firmer margins, and signs of crude prices mostly holding in lower range, curb pressure on refiners to adjust base oils output.</li><li>Rise in Asia’s base oils supply coincides with more muted demand in China and southeast Asia and more complicated arbitrage to move heavy grades to India.</li></ul>

Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices.Firmer margins, and signs of crude prices mostly holding in lower range, curb pressure on refiners to adjust base oils output.Rise in Asia’s base oils supply coincides with more muted demand in China and southeast Asia and more complicated arbitrage to move heavy grades to India.

Asia base oils supply outlook: Week of 6 October

United Kingdom

BP plc is an oil and petrochemicals company.  The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals.  BP's chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.

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BP PLC (BP/ LN)

Global base oils arb outlook: Week of 13 October

Asia Group I heavy-neutrals price falls vs ex-tank UAE price since early-August to widest discount in more than two years. Wider price-discount...

Base Oil News

Global base oils margins outlook: Week of 13 October

Global base oils prices mostly hold firm versus feedstock/competing fuel prices amid further drop in crude oil prices. Mostly-steady outright base...

Base Oil News

Global base oils margins outlook: Week of 6 October

Global base oils prices recover vs feedstock/gasoil prices after crude oil prices reverse recent gains. Firmer base oils price-differentials ease...

Base Oil News

Global base oils arb outlook: Week of 6 October

Global Group I brightstock prices stay unusually high relative to other grades. Brightstock price-strength helps to cushion impact of lower prices...

Base Oil News

Asia base oils supply outlook: Week of 6 October

Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices. Firmer margins, and signs of crude prices mostly holding in lower...

Base Oil News

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