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>Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increases</li><li>India's base oils supply fell to an eighteen-month low in February, cutting inventories ahead of peak seasonal demand as disruptions complicated restocking</li><li>Europe's January Group II supply rose to a five-month high, building a buffer that helped cushion the initial impact of disruptions</li></ul>

Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increasesIndia's base oils supply fell to an eighteen-month low in February, cutting inventories ahead of peak seasonal demand as disruptions complicated restockingEurope's January Group II supply rose to a five-month high, building a buffer that helped cushion the initial impact of disruptions

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

<ul><li>A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India the likely destination.</li><li>The large shipment and a surge in flows in second-half March pointed to a muted impact so far from any feedstock supply issues.</li><li>Cargo of Group III base oils loaded from Indonesia in late March before heading to northwest Europe, set to arrive around mid-May.</li></ul>

A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India the likely destination.The large shipment and a surge in flows in second-half March pointed to a muted impact so far from any feedstock supply issues.Cargo of Group III base oils loaded from Indonesia in late March before heading to northwest Europe, set to arrive around mid-May.

Global Base Oils Cargo Flows: Week To 2 April

<ul><li>The Middle East conflict is driving structural disruption to the global base oils market, with lubricants prices rising up to 30% in a six-to-nine month scenario and more than 50% in a worst case, Rosefield Energy Tech said</li><li>Blenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and regional blenders most exposed</li><li>Rosefield recommended diversifying feedstock sources, shifting to regional hubs and adopting more dynamic pricing to reduce risk</li></ul>

The Middle East conflict is driving structural disruption to the global base oils market, with lubricants prices rising up to 30% in a six-to-nine month scenario and more than 50% in a worst case, Rosefield Energy Tech saidBlenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and regional blenders most exposedRosefield recommended diversifying feedstock sources, shifting to regional hubs and adopting more dynamic pricing to reduce risk

Middle East War Triggers Structural Disruption In Base Oils Market

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>ONGC has floated $18-20 billion global tender for deepwater drilling rigs under the Samudra Manthan, targeting  3x jump in India's exploratory drilling rate from 30 to 100 wells by FY2027.</li>
<li>India imports 88% of its crude oil; the Hormuz closure has exposed this as a live fiscal and inflation emergency, with Brent near $120/bbl, the rupee breaching 95.</li>
<li>India's past exploration drives have stalled on policy inconsistency and under-investment; the real test is whether a crisis-induced spending surge can survive diplomacy and falling crude prices.</li>
</ul>


ONGC has floated $18-20 billion global tender for deepwater drilling rigs under the Samudra Manthan, targeting  3x jump in India's exploratory drilling rate from 30 to 100 wells by FY2027.
India imports 88% of its crude oil; the Hormuz closure has exposed this as a live fiscal and inflation emergency, with Brent near $120/bbl, the rupee breaching 95.
India's past exploration drives have stalled on policy inconsistency and under-investment; the real test is whether a crisis-induced spending surge can survive diplomacy and falling crude prices.


India's Samdura Manthan: How the Hormuz Crisis Launched India's Great Oil Expedition?

<ul><li>Several more Group II cargoes loaded from Taiwan before heading to Southeast Asia.</li><li>The pick-up in shipments in second-half March lifted total exports above typical monthly levels.</li><li>The rise contrasted with a slump in Singapore’s exports in the past week.</li></ul>

Several more Group II cargoes loaded from Taiwan before heading to Southeast Asia.The pick-up in shipments in second-half March lifted total exports above typical monthly levels.The rise contrasted with a slump in Singapore’s exports in the past week.

Global Base Oils Cargo Flows: Week To 27 March

United States

Chevron Corporation is an integrated energy company with operations in countries located around the world.  The Company produces and transports crude oil and natural gas.  Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Chevron Corp (CVX US)

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

Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increases. India's base oils...

Base Oil News

Global Base Oils Cargo Flows: Week To 2 April

A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India...

Base Oil News

Middle East War Triggers Structural Disruption In Base Oils Market

Blenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and...

Base Oil News

India's Samdura Manthan: How the Hormuz Crisis Launched India's Great Oil Expedition?

ONGC aims to boost India's exploratory drilling rate with $18-20 billion global tender for deepwater rigs under Samudra Manthan, as country faces...

Sudarshan Bhandari

Global Base Oils Cargo Flows: Week To 27 March

Several more Group II cargoes loaded from Taiwan before heading to Southeast Asia. The pick-up in shipments in second-half March lifted total...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increases. India's base oils...

Base Oil News

Global Base Oils Cargo Flows: Week To 2 April

A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India...

Base Oil News

Middle East War Triggers Structural Disruption In Base Oils Market

Blenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and...

Base Oil News

India's Samdura Manthan: How the Hormuz Crisis Launched India's Great Oil Expedition?

​ONGC aims to boost India's exploratory drilling rate with $18-20 billion global tender for deepwater rigs under Samudra Manthan, as country faces...

Sudarshan Bhandari

Global Base Oils Cargo Flows: Week To 27 March

Several more Group II cargoes loaded from Taiwan before heading to Southeast Asia. The pick-up in shipments in second-half March lifted total...

Base Oil News

ONGC aims to boost India's exploratory drilling rate with $18-20 billion global tender for deepwater rigs under Samudra Manthan, as country faces...