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 base oils demand could stay muted as buyers eye existing stocks to cover requirements.</li><li>US base oils/lube consumption fell in month of September from August in three of previous four years, before rising in month of October.</li><li>Repeat of that trend this year would leave buyers with shrinking window to work down existing stocks before slowdown in consumption gathers pace during final two months of 2025.</li></ul>

US base oils demand could stay muted as buyers eye existing stocks to cover requirements.US base oils/lube consumption fell in month of September from August in three of previous four years, before rising in month of October.Repeat of that trend this year would leave buyers with shrinking window to work down existing stocks before slowdown in consumption gathers pace during final two months of 2025.

Americas/EMEA base oils demand outlook: Week of 1 September

<ul><li>Global base oils prices hold at levels versus feedstock and competing fuel prices that sustain incentive for refiners to maintain or raise output.</li><li>Margins hold firm even at time of year when surplus supply typically starts to build amid seasonal slowdown in demand.</li><li>Firm margins could point to supply-demand fundamentals that are tighter than usual for time of year.</li></ul>

Global base oils prices hold at levels versus feedstock and competing fuel prices that sustain incentive for refiners to maintain or raise output.Margins hold firm even at time of year when surplus supply typically starts to build amid seasonal slowdown in demand.Firm margins could point to supply-demand fundamentals that are tighter than usual for time of year.

Global base oils margins outlook: Week of 25 August

<ul><li>Europe Group I brightstock price stays unusually firm relative to light and heavy neutrals so far in Q3 2025.</li><li>Europe Group I brightstock price stays unusually firm versus feedstock vacuum gasoil price so far in Q3 2025.</li><li>Europe Group I export brightstock price maintains steep premium to imported cargo prices in markets like India.</li></ul>

Europe Group I brightstock price stays unusually firm relative to light and heavy neutrals so far in Q3 2025.Europe Group I brightstock price stays unusually firm versus feedstock vacuum gasoil price so far in Q3 2025.Europe Group I export brightstock price maintains steep premium to imported cargo prices in markets like India.

Global base oils arb outlook: Week of 25 August

<ul><li>US base oils prices stay in relatively narrow range versus feedstock prices since late last year.</li><li>Range-bound price-differentials contrast with more volatile margins in most of 2024, pointing to steadier supply-demand fundamentals so far this year.</li><li>Range-bound margins likely incentivize refiners to maintain steady output.</li></ul>

US base oils prices stay in relatively narrow range versus feedstock prices since late last year.Range-bound price-differentials contrast with more volatile margins in most of 2024, pointing to steadier supply-demand fundamentals so far this year.Range-bound margins likely incentivize refiners to maintain steady output.

Americas/EMEA base oils supply outlook: Week of 25 August

<ul><li>US base oils demand likely to stay cautious in face of healthy availability of supply and lower crude/diesel prices.</li><li>Weaker fundamentals and lower feedstock prices increase exposure to risk of drop in outright prices.</li><li>Recent drop in Group I/Group II domestic prices could ease some of the downward price-pressure.</li></ul>

US base oils demand likely to stay cautious in face of healthy availability of supply and lower crude/diesel prices.Weaker fundamentals and lower feedstock prices increase exposure to risk of drop in outright prices.Recent drop in Group I/Group II domestic prices could ease some of the downward price-pressure.

Americas/EMEA base oils demand outlook: Week of 25 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)

Americas/EMEA base oils demand outlook: Week of 1 September

US base oils demand could stay muted as buyers eye existing stocks to cover requirements. US base oils/lube consumption fell in month of September...

Base Oil News

Global base oils margins outlook: Week of 25 August

Global base oils prices hold at levels versus feedstock and competing fuel prices that sustain incentive for refiners to maintain or raise...

Base Oil News

Global base oils arb outlook: Week of 25 August

Europe Group I brightstock price stays unusually firm relative to light and heavy neutrals so far in Q3 2025. Europe Group I brightstock price...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 25 August

US base oils prices stay in relatively narrow range versus feedstock prices since late last year. Range-bound price-differentials contrast with...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 25 August

US base oils demand likely to stay cautious in face of healthy availability of supply and lower crude/diesel prices. Weaker fundamentals and lower...

Base Oil News

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