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>Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension of those shipments to Europe and the Americas</li></ul><ul><li>Asia's summer surplus is smaller than usual as open arbitrage kept more barrels moving to the Americas and Europe.</li><li>Cargoes that loaded in July and August are now reaching those destinations, partially offsetting tighter US and Middle East supply.</li></ul>

Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension of those shipments to Europe and the AmericasAsia's summer surplus is smaller than usual as open arbitrage kept more barrels moving to the Americas and Europe.Cargoes that loaded in July and August are now reaching those destinations, partially offsetting tighter US and Middle East supply.

Base Oils and Lubricants: Weekly Global Market Review - 18 Sep '26

<ul><li>A larger-than-usual cargo with a combination of Group II light and heavy grades was set to load from Taiwan in the coming days, with India a likely destination.</li><li>A large cargo of Group II base oils loaded from Taiwan at end-August headed to India, with arrival due this week.</li><li>A large cargo with a combination of Group II light and heavy grades loaded from Taiwan at end-July headed to the US Gulf coast, with arrival due in late-September.</li></ul>

A larger-than-usual cargo with a combination of Group II light and heavy grades was set to load from Taiwan in the coming days, with India a likely destination.A large cargo of Group II base oils loaded from Taiwan at end-August headed to India, with arrival due this week.A large cargo with a combination of Group II light and heavy grades loaded from Taiwan at end-July headed to the US Gulf coast, with arrival due in late-September.

Global Base Oils Cargo Flows: Week To 18 September

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.

Equity Bottom-Up

<ul><li>Chevron has become more relevant to Eneos Holdings (TYO:5020) after the Japanese energy group agreed to buy Chevron’s Asia-Pacific downstream fuels and lubricants marketing businesses for $2.17 billion, with closing expected in 2027.</li><li>The package includes operations in Singapore, Malaysia, the Philippines, Australia, Vietnam, and Indonesia, the Caltex brand in those markets, and Chevron Singapore’s 50% stake in Singapore Refining Co. on Jurong Island.</li><li>For Chevron, the transaction fits a broader portfolio streamlining effort, following its earlier move to sell the Hong Kong fuel business to Bangchak and management’s emphasis on capital discipline, cash flow, and long-term competitiveness.</li></ul>

Chevron has become more relevant to Eneos Holdings (TYO:5020) after the Japanese energy group agreed to buy Chevron’s Asia-Pacific downstream fuels and lubricants marketing businesses for $2.17 billion, with closing expected in 2027.The package includes operations in Singapore, Malaysia, the Philippines, Australia, Vietnam, and Indonesia, the Caltex brand in those markets, and Chevron Singapore’s 50% stake in Singapore Refining Co. on Jurong Island.For Chevron, the transaction fits a broader portfolio streamlining effort, following its earlier move to sell the Hong Kong fuel business to Bangchak and management’s emphasis on capital discipline, cash flow, and long-term competitiveness.

Chevron’s $2.17 Billion Sale Puts Eneos In Focus!

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Washington is betting on Venezuelan oil: NABEP gives the U.S. unprecedented influence over future production, including equity, governance rights and priority access to output.</li>
<li>The supply impact is distant: NABEP’s current production is far below its target, while infrastructure, capital and field development could push meaningful new volumes into the 2030s.</li>
<li>Hormuz remains a different story: Venezuelan production cannot offset today’s disruption risk, leaving the current geopolitical premium largely intact despite the long-term supply option.</li>
</ul>


Washington is betting on Venezuelan oil: NABEP gives the U.S. unprecedented influence over future production, including equity, governance rights and priority access to output.
The supply impact is distant: NABEP’s current production is far below its target, while infrastructure, capital and field development could push meaningful new volumes into the 2030s.
Hormuz remains a different story: Venezuelan production cannot offset today’s disruption risk, leaving the current geopolitical premium largely intact despite the long-term supply option.


The Venezuela Oil Deal: A Decade-Out Supply Story Dressed as a Headline

<ul><li>Several cargoes of Group II base oils loaded from Taiwan at end-August and early September, with all of them heading to Southeast Asia and one likely bound for India.</li><li>A cargo of Group II base oils loaded from Taiwan in late July was set to reach East Coast South America at the end of this week.</li><li>Singapore took delivery of more base oils from the Netherlands, adding to a shipment from the same country last week.</li></ul>

Several cargoes of Group II base oils loaded from Taiwan at end-August and early September, with all of them heading to Southeast Asia and one likely bound for India.A cargo of Group II base oils loaded from Taiwan in late July was set to reach East Coast South America at the end of this week.Singapore took delivery of more base oils from the Netherlands, adding to a shipment from the same country last week.

Global Base Oils Cargo Flows: Week To 11 September

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)

Base Oils and Lubricants: Weekly Global Market Review - 18 Sep '26

Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension...

Base Oil News

Global Base Oils Cargo Flows: Week To 18 September

A larger-than-usual cargo with a combination of Group II light and heavy grades was set to load from Taiwan in the coming days, with India a...

Base Oil News

Chevron’s $2.17 Billion Sale Puts Eneos In Focus!

Chevron has become more relevant to Eneos Holdings (TYO:5020) after the Japanese energy group agreed to buy Chevron’s Asia-Pacific downstream...

Baptista Research

The Venezuela Oil Deal: A Decade-Out Supply Story Dressed as a Headline

NABEP gives the U.S. greater control over Venezuela’s future oil supply, but years of investment and infrastructure work separate the deal from...

Mint Finance

Global Base Oils Cargo Flows: Week To 11 September

Several cargoes of Group II base oils loaded from Taiwan at end-August and early September, with all of them heading to Southeast Asia and one...

Base Oil News

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Market Cap (USDm)

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