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>Global base oils prices hold at levels versus feedstock and competing fuel prices that sustain incentive for refiners to maintain or raise output.</li><li>Margins hold firm even at time of year when surplus supply typically starts to build amid seasonal slowdown in demand.</li><li>Firm margins could point to supply-demand fundamentals that are tighter than usual for time of year.</li></ul>

Global base oils prices hold at levels versus feedstock and competing fuel prices that sustain incentive for refiners to maintain or raise output.Margins hold firm even at time of year when surplus supply typically starts to build amid seasonal slowdown in demand.Firm margins could point to supply-demand fundamentals that are tighter than usual for time of year.

Global base oils margins outlook: Week of 25 August

<ul><li>Europe Group I brightstock price stays unusually firm relative to light and heavy neutrals so far in Q3 2025.</li><li>Europe Group I brightstock price stays unusually firm versus feedstock vacuum gasoil price so far in Q3 2025.</li><li>Europe Group I export brightstock price maintains steep premium to imported cargo prices in markets like India.</li></ul>

Europe Group I brightstock price stays unusually firm relative to light and heavy neutrals so far in Q3 2025.Europe Group I brightstock price stays unusually firm versus feedstock vacuum gasoil price so far in Q3 2025.Europe Group I export brightstock price maintains steep premium to imported cargo prices in markets like India.

Global base oils arb outlook: Week of 25 August

<ul><li>US base oils prices stay in relatively narrow range versus feedstock prices since late last year.</li><li>Range-bound price-differentials contrast with more volatile margins in most of 2024, pointing to steadier supply-demand fundamentals so far this year.</li><li>Range-bound margins likely incentivize refiners to maintain steady output.</li></ul>

US base oils prices stay in relatively narrow range versus feedstock prices since late last year.Range-bound price-differentials contrast with more volatile margins in most of 2024, pointing to steadier supply-demand fundamentals so far this year.Range-bound margins likely incentivize refiners to maintain steady output.

Americas/EMEA base oils supply outlook: Week of 25 August

<ul><li>US base oils demand likely to stay cautious in face of healthy availability of supply and lower crude/diesel prices.</li><li>Weaker fundamentals and lower feedstock prices increase exposure to risk of drop in outright prices.</li><li>Recent drop in Group I/Group II domestic prices could ease some of the downward price-pressure.</li></ul>

US base oils demand likely to stay cautious in face of healthy availability of supply and lower crude/diesel prices.Weaker fundamentals and lower feedstock prices increase exposure to risk of drop in outright prices.Recent drop in Group I/Group II domestic prices could ease some of the downward price-pressure.

Americas/EMEA base oils demand outlook: Week of 25 August

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 ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Formal permit award in Italy adds gas exploration upside – ADX has been formally awarded the C.R150.AU offshore exploration permit in Sicily.</li><li>The permit has an initial term of 6 years, with the option for 2 additional 3-year renewal periods.</li><li>In the event of a commercial discovery, an exploitation concession may be granted for 20 years, extendable by a further 10 years.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Formal permit award in Italy adds gas exploration upside – ADX has been formally awarded the C.R150.AU offshore exploration permit in Sicily.The permit has an initial term of 6 years, with the option for 2 additional 3-year renewal periods.In the event of a commercial discovery, an exploitation concession may be granted for 20 years, extendable by a further 10 years.

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.

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Chevron Corp (CVX US)

Global base oils margins outlook: Week of 25 August

Global base oils prices hold at levels versus feedstock and competing fuel prices that sustain incentive for refiners to maintain or raise...

Base Oil News

Global base oils arb outlook: Week of 25 August

Europe Group I brightstock price stays unusually firm relative to light and heavy neutrals so far in Q3 2025. Europe Group I brightstock price...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 25 August

US base oils prices stay in relatively narrow range versus feedstock prices since late last year. Range-bound price-differentials contrast with...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 25 August

US base oils demand likely to stay cautious in face of healthy availability of supply and lower crude/diesel prices. Weaker fundamentals and lower...

Base Oil News

AUCTUS ON FRIDAY - 15/08/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Formal permit award in Italy...

Auctus Advisors

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