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’s Group II base oils prices stay unusually firm vs US export prices so far this year.</li><li>Strength of Asia Group II prices curbs arbitrage flows from Asia to Americas so far this year.</li><li>Strength of Asia prices facilitates flows of base oils shipments from US to markets like UAE and India so far this year.</li></ul>

Asia’s Group II base oils prices stay unusually firm vs US export prices so far this year.Strength of Asia Group II prices curbs arbitrage flows from Asia to Americas so far this year.Strength of Asia prices facilitates flows of base oils shipments from US to markets like UAE and India so far this year.

Global base oils arb outlook: Week of 29 September

<ul><li>US light-grade base oils domestic prices weaken versus feedstock/competing fuel prices; export price-differentials hold firmer.</li><li>Diverging trends reflect weaker outright prices for domestic supplies and firmer prices for export volumes.</li><li>Premium of Group II domestic light-grade base oils prices over export prices falls in response to narrowest level in more than two months.</li></ul>

US light-grade base oils domestic prices weaken versus feedstock/competing fuel prices; export price-differentials hold firmer.Diverging trends reflect weaker outright prices for domestic supplies and firmer prices for export volumes.Premium of Group II domestic light-grade base oils prices over export prices falls in response to narrowest level in more than two months.

Americas/EMEA base oils supply outlook: Week of 29 September

<ul><li>US base oils demand could ease amid expectations of ready availability of supply and steady-to-lower prices.</li><li>US demand typically rises in month of October from September before slowing in month of November.</li><li>Typical rise in demand in month of October would coincide with major plant shutdown for scheduled maintenance work.</li></ul>

US base oils demand could ease amid expectations of ready availability of supply and steady-to-lower prices.US demand typically rises in month of October from September before slowing in month of November.Typical rise in demand in month of October would coincide with major plant shutdown for scheduled maintenance work.

Americas/EMEA base oils demand outlook: Week of 29 September

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.

Equity Bottom-Up

<ul>
<li>Global oil majors are slashing jobs and investments as weak demand, OPEC+ supply hikes, and rising costs drive the sharpest industry retrenchment since the 2020 collapse.</li>
<li>U.S. producers face added strain from tariffs, cost inflation, and consolidation, forcing capex cuts, layoffs, and highlighting the slowdown of shale-driven growth that once powered record output.</li>
<li>ExxonMobil emerges strongest among peers, supported by low debt, robust free cash flow, advantaged low-cost assets, and global diversification, giving it unmatched resilience in a prolonged low-price environment.</li>
</ul>


Global oil majors are slashing jobs and investments as weak demand, OPEC+ supply hikes, and rising costs drive the sharpest industry retrenchment since the 2020 collapse.
U.S. producers face added strain from tariffs, cost inflation, and consolidation, forcing capex cuts, layoffs, and highlighting the slowdown of shale-driven growth that once powered record output.
ExxonMobil emerges strongest among peers, supported by low debt, robust free cash flow, advantaged low-cost assets, and global diversification, giving it unmatched resilience in a prolonged low-price environment.


Oil and Gas Giants Shift from Expansion to Discipline Amid Supply Glut and Cost Pressures

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>ADX Energy (ADX AU)C; Target price of A$0.30 per share: Favourable court ruling allows Welchau testing operations to resume – The Upper Austrian State Administrative Court has rejected objections from environmental activist groups regarding drilling and testing at Welchau.</li>
<li>The court confirmed that Environmental Clearances were issued in full compliance with applicable regulations.</li>
<li>ADX is now authorized to resume operations at the Welchau-1 site during the winter drilling window, spanning 1 October to 31 March.</li>
</ul>


ADX Energy (ADX AU)C; Target price of A$0.30 per share: Favourable court ruling allows Welchau testing operations to resume – The Upper Austrian State Administrative Court has rejected objections from environmental activist groups regarding drilling and testing at Welchau.
The court confirmed that Environmental Clearances were issued in full compliance with applicable regulations.
ADX is now authorized to resume operations at the Welchau-1 site during the winter drilling window, spanning 1 October to 31 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)

Global base oils arb outlook: Week of 29 September

Asia’s Group II base oils prices stay unusually firm vs US export prices so far this year. Strength of Asia Group II prices curbs arbitrage flows...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 29 September

US light-grade base oils domestic prices weaken versus feedstock/competing fuel prices; export price-differentials hold firmer. Diverging trends...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 29 September

US base oils demand could ease amid expectations of ready availability of supply and steady-to-lower prices. US demand typically rises in month of...

Base Oil News

Oil and Gas Giants Shift from Expansion to Discipline Amid Supply Glut and Cost Pressures

Global oil majors are cutting jobs and investments due to weak demand and rising costs, with ExxonMobil emerging as the strongest player thanks to...

Mint Finance

AUCTUS ON FRIDAY - 26/09/2025

The Upper Austrian State Administrative Court has rejected objections from environmental activist groups regarding drilling and testing at Welchau.

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global base oils arb outlook: Week of 29 September

Asia’s Group II base oils prices stay unusually firm vs US export prices so far this year. Strength of Asia Group II prices curbs arbitrage flows...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 29 September

US light-grade base oils domestic prices weaken versus feedstock/competing fuel prices; export price-differentials hold firmer. Diverging trends...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 29 September

US base oils demand could ease amid expectations of ready availability of supply and steady-to-lower prices. US demand typically rises in month of...

Base Oil News

Oil and Gas Giants Shift from Expansion to Discipline Amid Supply Glut and Cost Pressures

​Global oil majors are cutting jobs and investments due to weak demand and rising costs, with ExxonMobil emerging as the strongest player thanks to...

Mint Finance

AUCTUS ON FRIDAY - 26/09/2025

The Upper Austrian State Administrative Court has rejected objections from environmental activist groups regarding drilling and testing at Welchau.

Auctus Advisors

Global oil majors are cutting jobs and investments due to weak demand and rising costs, with ExxonMobil emerging as the strongest player thanks to...