Podcast of business and financial stories, Behind the Money

Behind the Money

Podcast of business and financial stories

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world.

Thematic (Sector/Industry)

<ul><li>Stabroek project in the Atlantic Ocean is a lucrative oil discovery estimated to contain up to $1 trillion worth of oil reserves</li><li>Chevron and ExxonMobil are engaged in a bitter feud over control of the Stabroek project and dominance in the oil industry</li><li>The competition between Exxon and Chevron dates back to the 19th century, with Exxon historically being the larger and more dominant company, but facing challenges in recent years due to climate change concerns and the COVID-19 pandemic.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Stabroek project in the Atlantic Ocean is a lucrative oil discovery estimated to contain up to $1 trillion worth of oil reservesChevron and ExxonMobil are engaged in a bitter feud over control of the Stabroek project and dominance in the oil industryThe competition between Exxon and Chevron dates back to the 19th century, with Exxon historically being the larger and more dominant company, but facing challenges in recent years due to climate change concerns and the COVID-19 pandemic.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

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>Global base oils prices hold firm versus feedstock/competing fuel prices.</li><li>Margins hold firm at time of year when fundamentals are typically weaker.</li><li>Firm margins incentivize refiners to maintain high base oils output.</li></ul>

Global base oils prices hold firm versus feedstock/competing fuel prices.Margins hold firm at time of year when fundamentals are typically weaker.Firm margins incentivize refiners to maintain high base oils output.

Global base oils margins outlook: Week of 1 September

<ul><li>India’s imported Group II heavy-grade base oils cargo price-premium to FOB prices in US and Asia holds firm and in relatively narrow range in recent weeks.</li><li>Price-spread stays in narrow range as CFR India cargo price tracks lower FOB Asia/US Gulf coast prices.</li><li>CFR India cargo price falls amid pick-up in availability of supplies, boosting buyers’ choice.</li></ul>

India’s imported Group II heavy-grade base oils cargo price-premium to FOB prices in US and Asia holds firm and in relatively narrow range in recent weeks.Price-spread stays in narrow range as CFR India cargo price tracks lower FOB Asia/US Gulf coast prices.CFR India cargo price falls amid pick-up in availability of supplies, boosting buyers’ choice.

Global base oils arb outlook: Week of 1 September

<ul><li>US base oils prices stay relatively firm and in narrow range vs vacuum gasoil prices.</li><li>Steady base oils price-premium sustains incentive for refiners to maintain high output.</li><li>Supply could get further boost if Atlantic hurricane season remains quiet, leaving market with untapped buffer stocks.</li></ul>

US base oils prices stay relatively firm and in narrow range vs vacuum gasoil prices.Steady base oils price-premium sustains incentive for refiners to maintain high output.Supply could get further boost if Atlantic hurricane season remains quiet, leaving market with untapped buffer stocks.

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

<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

United States

Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.

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Exxon Mobil (XOM US)

Chevron prepares to take on ExxonMobil

A fierce feud between Chevron and ExxonMobil over the Stabroek oil project in Guyana's Atlantic Ocean has been settled, highlighting their intense...

Behind the Money

Global base oils margins outlook: Week of 1 September

Global base oils prices hold firm versus feedstock/competing fuel prices. Margins hold firm at time of year when fundamentals are typically...

Base Oil News

Global base oils arb outlook: Week of 1 September

India’s imported Group II heavy-grade base oils cargo price-premium to FOB prices in US and Asia holds firm and in relatively narrow range in...

Base Oil News

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

US base oils prices stay relatively firm and in narrow range vs vacuum gasoil prices. Steady base oils price-premium sustains incentive for...

Base Oil News

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)