Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/yokogawa-electric-corp" target="_blank" data-smartkarma-citation="entities:12795:1" rel="noopener">Yokogawa Electric (6841 JP) </a>management has launched several initiatives that have improved operating results and increased the share price. </li>
<li>It counts <a href="https://www.smartkarma.com/entities/saudi-aramco" target="_blank" data-smartkarma-citation="entities:27317:1" rel="noopener">Saudi Aramco (ARAMCO AB)</a> , <a href="https://www.smartkarma.com/entities/shell-plc" target="_blank" data-smartkarma-citation="entities:22108:1" rel="noopener">Shell (SHEL LN)</a> and <a href="https://www.smartkarma.com/entities/bp-plc-sponsored-adr" target="_blank" data-smartkarma-citation="entities:27921:1" rel="noopener">BP (BP US)</a> as customers, among others. </li>
<li>As the company ramps up its digital business, its margin will improve even more and will trade closer to parity with its counterparts such as <a href="https://www.smartkarma.com/entities/honeywell-international-inc" target="_blank" data-smartkarma-citation="entities:16765:1" rel="noopener">Honeywell International (HON US)</a> .</li>
</ul>



Yokogawa Electric (6841 JP) management has launched several initiatives that have improved operating results and increased the share price. 
It counts Saudi Aramco (ARAMCO AB) , Shell (SHEL LN) and BP (BP US) as customers, among others. 
As the company ramps up its digital business, its margin will improve even more and will trade closer to parity with its counterparts such as Honeywell International (HON US) .


Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the war enters its second month.</li>
<li>Asian countries are highly dependent on oil and gas shipments from the Middle East, with airlines, petrochemical companies, and gas distribution companies all negatively affected.</li>
<li>Iran now controls when the flow of energy from the Middle East starts and thereby when the war stops. Gulf countries will not allow Iran to be the Straits gatekeeper.</li>
</ul>


So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the war enters its second month.
Asian countries are highly dependent on oil and gas shipments from the Middle East, with airlines, petrochemical companies, and gas distribution companies all negatively affected.
Iran now controls when the flow of energy from the Middle East starts and thereby when the war stops. Gulf countries will not allow Iran to be the Straits gatekeeper.


OIL: When a Short-Term Spike Becomes Long-Term Reality

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>Shell's Pearl GTL plant halted after an 18 March attack — removing a major source of global Group III shipments with restart timeline unclear</li><li>US January Group III imports surged from the Middle East before war disrupted shipment flows — Middle East arrivals now set to drop sharply in April</li><li>South Korea February exports fell to a nine-month low before the Middle East conflict disrupted flows across key markets — curtailing shipments to the Middle East and boosting the need for alternative shipments to the US</li></ul>

Shell's Pearl GTL plant halted after an 18 March attack — removing a major source of global Group III shipments with restart timeline unclearUS January Group III imports surged from the Middle East before war disrupted shipment flows — Middle East arrivals now set to drop sharply in AprilSouth Korea February exports fell to a nine-month low before the Middle East conflict disrupted flows across key markets — curtailing shipments to the Middle East and boosting the need for alternative shipments to the US

Base Oils and Lubricants: Weekly Global Market Review - 20 Mar '26

<ul><li>Wave of Group II cargoes load from Taiwan in past week before heading to China.</li><li>Several more shipments were set to load from Taiwan in the coming days, pointing to a marked rise in total cargo loadings in March.</li><li>The pick-up in shipments in March mirrored a similar trend in Singapore, despite the prospect of lower output.</li></ul>

Wave of Group II cargoes load from Taiwan in past week before heading to China.Several more shipments were set to load from Taiwan in the coming days, pointing to a marked rise in total cargo loadings in March.The pick-up in shipments in March mirrored a similar trend in Singapore, despite the prospect of lower output.

Global Base Oils Cargo Flows: Week To 20 March

<ul><li>Global base oil supply exceeded demand by the smallest December margin in three years, leaving the market with less buffer as Middle East disruption spreads</li><li>Global supply reached a four-year high in 2025, but expectations of a 2026 surplus have reversed as the conflict disrupts shipments and threatens output</li><li>China’s elevated February output cushions the market against supply shocks, but lower Group III production leaves that segment tighter</li></ul>

Global base oil supply exceeded demand by the smallest December margin in three years, leaving the market with less buffer as Middle East disruption spreadsGlobal supply reached a four-year high in 2025, but expectations of a 2026 surplus have reversed as the conflict disrupts shipments and threatens outputChina’s elevated February output cushions the market against supply shocks, but lower Group III production leaves that segment tighter

Base Oils and Lubricants: Weekly Global Market Review - 13 Mar '26

Japan

ENEOS Holdings, Inc. operates refining and marketing businesses. The Company refines and distributes petroleum and petroleum chemical products. ENEOS Holdings also provides non ferrous metals, electronic materials, and other products.

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ENEOS Holdings (5020 JP)

Yokogawa Electric (6841): Catch Up

Yokogawa Electric's management has ramped up its digitalization initiatives that should improve OPM closer to 15% and therefore should see its...

Henry Soediarko

OIL: When a Short-Term Spike Becomes Long-Term Reality

So far, global markets remain optimistic that the damage from the war in Iran will be repaired relatively soon; however, that will change as the...

David Mudd

Base Oils and Lubricants: Weekly Global Market Review - 20 Mar '26

Shell's Pearl GTL plant halted after an 18 March attack — removing a major source of global Group III shipments with restart timeline...

Base Oil News

Global Base Oils Cargo Flows: Week To 20 March

Wave of Group II cargoes load from Taiwan in past week before heading to China. Several more shipments were set to load from Taiwan in the coming...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 13 Mar '26

Global base oil supply exceeded demand by the smallest December margin in three years, leaving the market with less buffer as Middle East...

Base Oil News

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