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 base oils price-premium to Singapore gasoil price stays at elevated levels for heavy grades, lower-than-usual levels for light grades.</li><li>Base oils margins incentivize refiners to maintain higher production levels for heavy grades, and to consider adjusting production levels for light grades.</li><li>Any such moves to maintain or adjust output would coincide with rise in regional production capacity following completion of most plant-maintenance work.</li></ul>

Asia’s base oils price-premium to Singapore gasoil price stays at elevated levels for heavy grades, lower-than-usual levels for light grades.Base oils margins incentivize refiners to maintain higher production levels for heavy grades, and to consider adjusting production levels for light grades.Any such moves to maintain or adjust output would coincide with rise in regional production capacity following completion of most plant-maintenance work.

Asia base oils supply outlook: Week of 7 July

<ul><li>Asia’s base oils demand could weaken in coming weeks amid seasonal slowdown in consumption.</li><li>Signs of more prolonged and widespread drop in regional lube consumption from year-earlier levels would magnify impact of seasonal slowdown.</li><li>Weaker demand in recent months cushions impact of tighter regional supply during that period.</li></ul>

Asia’s base oils demand could weaken in coming weeks amid seasonal slowdown in consumption.Signs of more prolonged and widespread drop in regional lube consumption from year-earlier levels would magnify impact of seasonal slowdown.Weaker demand in recent months cushions impact of tighter regional supply during that period.

Asia base oils demand outlook: Week of 7 July

<ul><li>Global base oils prices recover versus feedstock/competing fuel prices after crude prices fall.</li><li>Firmer base oils price-differentials curb pressure on refiners to adjust output in response to squeezed margins.</li><li>Firmer margins, and easing pressure to adjust output, coincide with prospect of easing supply-demand fundamentals in coming weeks.</li></ul>

Global base oils prices recover versus feedstock/competing fuel prices after crude prices fall.Firmer base oils price-differentials curb pressure on refiners to adjust output in response to squeezed margins.Firmer margins, and easing pressure to adjust output, coincide with prospect of easing supply-demand fundamentals in coming weeks.

Global base oils margins outlook: Week of 30 June

<ul><li>Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.</li><li>Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.</li><li>Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.</li></ul>

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.

Global base oils arb outlook: Week of 30 June

<ul><li>Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.</li><li>Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.</li><li>Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.</li></ul>

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.

Asia base oils supply outlook: Week of 30 June

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)

Asia base oils supply outlook: Week of 7 July

Asia’s base oils price-premium to Singapore gasoil price stays at elevated levels for heavy grades, lower-than-usual levels for light grades. Base...

Base Oil News

Asia base oils demand outlook: Week of 7 July

Asia’s base oils demand could weaken in coming weeks amid seasonal slowdown in consumption. Signs of more prolonged and widespread drop in...

Base Oil News

Global base oils margins outlook: Week of 30 June

Global base oils prices recover versus feedstock/competing fuel prices after crude prices fall. Firmer base oils price-differentials curb pressure...

Base Oil News

Global base oils arb outlook: Week of 30 June

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices. Group II heavy-grade prices...

Base Oil News

Asia base oils supply outlook: Week of 30 June

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025. Recovery in light-grade base oils...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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