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 and China accounted for 55% of global supply, maintaining a share above 50% for the ninth straight month despite lower regional output.</li><li>Global demand rose by more than 4% in May, but growth slowed to its weakest pace in 11 months as stock-building eased.</li><li>The global surplus held below year-earlier levels for the eighth time in nine months, with the January-May surplus down by about 35% from the same period in 2025.</li></ul>

Asia and China accounted for 55% of global supply, maintaining a share above 50% for the ninth straight month despite lower regional output.Global demand rose by more than 4% in May, but growth slowed to its weakest pace in 11 months as stock-building eased.The global surplus held below year-earlier levels for the eighth time in nine months, with the January-May surplus down by about 35% from the same period in 2025.

Global Base Oils Supply Falls To 13-Month Low In May

<ul><li>Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days.</li><li>A cargo loaded from South Korea in second-half June  and reached Brazil in recent days, after a stop in South Africa.</li><li>A large cargo loaded from Singapore in the past week before heading to Fujairah, UAE, set to arrive in second-half August; it is the first such shipment to the UAE since March.</li></ul>

Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days.A cargo loaded from South Korea in second-half June  and reached Brazil in recent days, after a stop in South Africa.A large cargo loaded from Singapore in the past week before heading to Fujairah, UAE, set to arrive in second-half August; it is the first such shipment to the UAE since March.

Global Base Oils Cargo Flows: Week To 14 August

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>WTI fell 7.7% as Hormuz de-escalation hopes faded, while easing IV and weaker speculative positioning pointed to a more cautious oil market.</li>
<li>Energy ETFs broadly tracked crude lower, with XOP and IXC among the biggest laggards, while utilities proved more resilient amid the broader risk-off move.</li>
<li>Occidental delivered its strongest free-cash-flow quarter since 2022, beating earnings expectations and raising its dividend as debt continued to fall.</li>
</ul>


WTI fell 7.7% as Hormuz de-escalation hopes faded, while easing IV and weaker speculative positioning pointed to a more cautious oil market.
Energy ETFs broadly tracked crude lower, with XOP and IXC among the biggest laggards, while utilities proved more resilient amid the broader risk-off move.
Occidental delivered its strongest free-cash-flow quarter since 2022, beating earnings expectations and raising its dividend as debt continued to fall.


Energy Weekly (W/E 07/Aug): Oil Reprices Hormuz Risk, Positioning Turns Cautious, and Oxy Beats

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>In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational efficiency.</li><li>The company reported earnings of $2.5 billion, equating to $1.45 per share, with adjusted earnings amounting to $3.1 billion or $1.77 per share.</li><li>Several notable factors, including special items and foreign currency effects, impacted the earnings.</li></ul>

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational efficiency.The company reported earnings of $2.5 billion, equating to $1.45 per share, with adjusted earnings amounting to $3.1 billion or $1.77 per share.Several notable factors, including special items and foreign currency effects, impacted the earnings.

Chevron’s $10 Billion Power Play: Why Data Centers Are Its Next Big Bet!

<ul><li>Surge in Group II cargo loadings from Taiwan at end-July extended into early August, with a wave of shipments moving mostly to Southeast Asian markets, including the Philippines and Indonesia.</li><li>Cargo loaded from South Korea in early-July before heading to the US Gulf coast, arrived in recent days.</li><li>Singapore took delivery in the past week of its largest cargo from the UAE since last September, despite ongoing disruption to Middle East shipping.</li></ul>

Surge in Group II cargo loadings from Taiwan at end-July extended into early August, with a wave of shipments moving mostly to Southeast Asian markets, including the Philippines and Indonesia.Cargo loaded from South Korea in early-July before heading to the US Gulf coast, arrived in recent days.Singapore took delivery in the past week of its largest cargo from the UAE since last September, despite ongoing disruption to Middle East shipping.

Global Base Oils Cargo Flows: Week To 7 August

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 Supply Falls To 13-Month Low In May

Asia and China accounted for 55% of global supply, maintaining a share above 50% for the ninth straight month despite lower regional...

Base Oil News

Global Base Oils Cargo Flows: Week To 14 August

Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days. A...

Base Oil News

Energy Weekly (W/E 07/Aug): Oil Reprices Hormuz Risk, Positioning Turns Cautious, and Oxy Beats

Oil prices dropped due to fading hopes of de-escalation in the Hormuz region, leading to a more cautious market. Energy ETFs followed suit, while...

Mint Finance

Chevron’s $10 Billion Power Play: Why Data Centers Are Its Next Big Bet!

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational...

Baptista Research

Global Base Oils Cargo Flows: Week To 7 August

Surge in Group II cargo loadings from Taiwan at end-July extended into early August, with a wave of shipments moving mostly to Southeast Asian...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Base Oils Supply Falls To 13-Month Low In May

Asia and China accounted for 55% of global supply, maintaining a share above 50% for the ninth straight month despite lower regional...

Base Oil News

Global Base Oils Cargo Flows: Week To 14 August

Cargo loadings from Taiwan slowed, after a surge in shipments in late July and early August, with one cargo moving to China in recent days. A...

Base Oil News

Energy Weekly (W/E 07/Aug): Oil Reprices Hormuz Risk, Positioning Turns Cautious, and Oxy Beats

​Oil prices dropped due to fading hopes of de-escalation in the Hormuz region, leading to a more cautious market. Energy ETFs followed suit, while...

Mint Finance

Chevron’s $10 Billion Power Play: Why Data Centers Are Its Next Big Bet!

In the second quarter of 2025, Chevron Corporation delivered a robust financial performance, reflecting strategic accomplishments and operational...

Baptista Research

Global Base Oils Cargo Flows: Week To 7 August

Surge in Group II cargo loadings from Taiwan at end-July extended into early August, with a wave of shipments moving mostly to Southeast Asian...

Base Oil News

Oil prices dropped due to fading hopes of de-escalation in the Hormuz region, leading to a more cautious market. Energy ETFs followed suit, while...