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>A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week.</li><li>Shipments from Taiwan typically move to China, Southeast Asia or India rather than to South Korea.</li><li>Singapore-to-US shipments extended their surge for a second week, even as total Singapore exports declined.</li></ul>

A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week.Shipments from Taiwan typically move to China, Southeast Asia or India rather than to South Korea.Singapore-to-US shipments extended their surge for a second week, even as total Singapore exports declined.

Global Base Oils Cargo Flows: Week To 4 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 just slid into the driver’s seat for one of Iraq’s crown-jewel oil assets.</li><li>The company signed preliminary agreements with state-owned Basra Oil to enter exclusive talks over taking over Lukoil’s stake in the West Qurna 2 field, a roughly 480,000-barrel-a-day giant.</li><li>Iraq’s cabinet said Chevron gets 12 months of exclusivity, which is basically a “one-at-a-time” lane for negotiations.</li></ul>

Chevron just slid into the driver’s seat for one of Iraq’s crown-jewel oil assets.The company signed preliminary agreements with state-owned Basra Oil to enter exclusive talks over taking over Lukoil’s stake in the West Qurna 2 field, a roughly 480,000-barrel-a-day giant.Iraq’s cabinet said Chevron gets 12 months of exclusivity, which is basically a “one-at-a-time” lane for negotiations.

Chevron Took The Lead In Iraq — But The REAL Story Is Negotiation Leverage!

<ul><li>A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far.</li><li>An unusually large cargo loaded from Singapore in the past week before heading to Hong Kong.</li><li>The last time a cargo of this size moved from Singapore to Hong Kong was in 2023.</li></ul>

A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far.An unusually large cargo loaded from Singapore in the past week before heading to Hong Kong.The last time a cargo of this size moved from Singapore to Hong Kong was in 2023.

Global Base Oils Cargo Flows: Week To 21 August

<ul><li>The market is moving into its seasonal demand recovery with supply still constrained, leaving South Korea, India and other alternative suppliers to cover more of the shortfall just as maintenance could reduce their ability to do so.</li></ul><ul><li>The summer slowdown is giving way to a seasonal demand recovery just as spare supply remains thin, making every major export source more important.</li><li>Supply is being redistributed rather than restored. South Korea, India and China have increased their importance as Middle East and other Asian flows weaken, but the shift leaves the market more exposed to disruption at any one of those suppliers.</li></ul>

The market is moving into its seasonal demand recovery with supply still constrained, leaving South Korea, India and other alternative suppliers to cover more of the shortfall just as maintenance could reduce their ability to do so.The summer slowdown is giving way to a seasonal demand recovery just as spare supply remains thin, making every major export source more important.Supply is being redistributed rather than restored. South Korea, India and China have increased their importance as Middle East and other Asian flows weaken, but the shift leaves the market more exposed to disruption at any one of those suppliers.

Base Oils and Lubricants: Weekly Global Market Review - 21 Aug '26

<ul><li>Chevron’s bold surge in shipping capacity — assembling its largest fleet of tankers in nearly a year to carry Venezuelan crude — marks a key inflection point in how Venezuelan oil is flowing back into the global market.</li><li>Chevron recently dispatched 15 vessels to move at least 200,000 barrels per day of heavy crude, a sharp jump from nine vessels the previous month and the most since March.</li><li>This spike comes as the United States is tightly enforcing sanctions and asserting control over Venezuela’s oil sector, including moving to dismantle the murky “dark fleet” of illicit tankers and leveraging a new agreement with Caracas to market up to 50 million barrels of crude with help from trading houses like Trafigura and Vitol.</li></ul>

Chevron’s bold surge in shipping capacity — assembling its largest fleet of tankers in nearly a year to carry Venezuelan crude — marks a key inflection point in how Venezuelan oil is flowing back into the global market.Chevron recently dispatched 15 vessels to move at least 200,000 barrels per day of heavy crude, a sharp jump from nine vessels the previous month and the most since March.This spike comes as the United States is tightly enforcing sanctions and asserting control over Venezuela’s oil sector, including moving to dismantle the murky “dark fleet” of illicit tankers and leveraging a new agreement with Caracas to market up to 50 million barrels of crude with help from trading houses like Trafigura and Vitol.

Chevron Rewrites Venezuela’s Oil Map With A Massive Tanker Push!

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 Cargo Flows: Week To 4 September

A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week. Shipments from...

Base Oil News

Chevron Took The Lead In Iraq — But The REAL Story Is Negotiation Leverage!

Chevron just slid into the driver’s seat for one of Iraq’s crown-jewel oil assets. The company signed preliminary agreements with state-owned...

Baptista Research

Global Base Oils Cargo Flows: Week To 21 August

A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far. An unusually large cargo...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 21 Aug '26

The market is moving into its seasonal demand recovery with supply still constrained, leaving South Korea, India and other alternative suppliers...

Base Oil News

Chevron Rewrites Venezuela’s Oil Map With A Massive Tanker Push!

Chevron’s bold surge in shipping capacity — assembling its largest fleet of tankers in nearly a year to carry Venezuelan crude — marks a key...

Baptista Research

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