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>US Group III 4cSt base oils price-premium to Group II light grades falls at end-July for first time in three months, before extending dip in August 2025.</li><li>Asia’s Group III 4cSt (low) price-premium to Group II light grades starts trending lower from late-June 2025.</li><li>Europe Group III 4cSt (low) price-premium to Group I and Group II light grades continues to edge higher after protracted slump since early-2023.</li></ul>

US Group III 4cSt base oils price-premium to Group II light grades falls at end-July for first time in three months, before extending dip in August 2025.Asia’s Group III 4cSt (low) price-premium to Group II light grades starts trending lower from late-June 2025.Europe Group III 4cSt (low) price-premium to Group I and Group II light grades continues to edge higher after protracted slump since early-2023.

Global base oils arb outlook: Week of 11 August

<ul><li>US Group II light-grade export-price premium to vacuum gasoil holds close to lows in Q1 2025.</li><li>Lower base oils margins and drop in outright export prices suggest recent tightness of light-grade supplies is easing.</li><li>Drop in export prices facilitates removal of any such surplus volumes, keeping fundamentals balanced for longer in domestic market.</li></ul>

US Group II light-grade export-price premium to vacuum gasoil holds close to lows in Q1 2025.Lower base oils margins and drop in outright export prices suggest recent tightness of light-grade supplies is easing.Drop in export prices facilitates removal of any such surplus volumes, keeping fundamentals balanced for longer in domestic market.

Americas/EMEA base oils supply outlook: Week of 11 August

<ul><li>US base oils demand likely to stay muted.</li><li>Expectations of growing surplus supplies boost attraction of maintaining lower stocks and procuring smaller top-up volumes more frequently.</li><li>Buyers could seek to maintain sufficient volumes to cover any supply-disruptions as market heads into time of year when Atlantic hurricane activity typically peaks.</li></ul>

US base oils demand likely to stay muted.Expectations of growing surplus supplies boost attraction of maintaining lower stocks and procuring smaller top-up volumes more frequently.Buyers could seek to maintain sufficient volumes to cover any supply-disruptions as market heads into time of year when Atlantic hurricane activity typically peaks.

Americas/EMEA base oils demand outlook: Week of 11 August

<ul><li>US base oils demand likely to stay lower amid signs of healthy availability of supply.</li><li>Healthy availability of supply, buyers’ sufficient stocks and seasonal slowdown in consumption incentivize buyers to hold back.</li><li>Ongoing fall in US base oils export prices adds to signs of weaker domestic demand.</li></ul>

US base oils demand likely to stay lower amid signs of healthy availability of supply.Healthy availability of supply, buyers’ sufficient stocks and seasonal slowdown in consumption incentivize buyers to hold back.Ongoing fall in US base oils export prices adds to signs of weaker domestic demand.

Americas/EMEA base oils demand outlook: Week of 4 August

<ul><li>US base oils export price-premium to feedstock/competing fuel prices extends fall at end-July 2025.</li><li>Weaker base oils export margins and signs of rising surplus supply could incentivize refiners to adjust output.</li><li>Steadier domestic base oils margins, and steady removal of surplus supplies in overseas markets, could instead curb any such moves.</li></ul>

US base oils export price-premium to feedstock/competing fuel prices extends fall at end-July 2025.Weaker base oils export margins and signs of rising surplus supply could incentivize refiners to adjust output.Steadier domestic base oils margins, and steady removal of surplus supplies in overseas markets, could instead curb any such moves.

Americas/EMEA base oils supply outlook: Week of 4 August

Italy

Eni SpA explores for and produces hydrocarbons in Italy, Africa, the North Sea, the Gulf of Mexico, Kazakhstan, and Australia. The Company both produces natural gas and imports it for sale in Italy and elsewhere in Europe. Eni transports natural gas in pipelines. The Company generates and trades electricity, refines oil, and operates gasoline service stations.

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Eni SpA (ENI IM)

Global base oils arb outlook: Week of 11 August

US Group III 4cSt base oils price-premium to Group II light grades falls at end-July for first time in three months, before extending dip in...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 11 August

US Group II light-grade export-price premium to vacuum gasoil holds close to lows in Q1 2025. Lower base oils margins and drop in outright export...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 11 August

US base oils demand likely to stay muted. Expectations of growing surplus supplies boost attraction of maintaining lower stocks and procuring...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 4 August

US base oils demand likely to stay lower amid signs of healthy availability of supply. Healthy availability of supply, buyers’ sufficient stocks...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 4 August

US base oils export price-premium to feedstock/competing fuel prices extends fall at end-July 2025. Weaker base oils export margins and signs of...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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