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.

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Commodities

<ul><li>Several Group II cargoes loaded from Taiwan over the past week, mostly bound for India, with delivery in second-half April.</li><li>Taiwan’s cargo-loadings remained relatively steady through first-half April, in line with the same period in March.</li><li>Singapore’s base oils exports over the past week fell to the second lowest level in more than a year, following an even steeper weekly drop at end-March.</li></ul>

Several Group II cargoes loaded from Taiwan over the past week, mostly bound for India, with delivery in second-half April.Taiwan’s cargo-loadings remained relatively steady through first-half April, in line with the same period in March.Singapore’s base oils exports over the past week fell to the second lowest level in more than a year, following an even steeper weekly drop at end-March.

Global Base Oils Cargo Flows: Week To 10 April

<ul><li>Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increases</li><li>India's base oils supply fell to an eighteen-month low in February, cutting inventories ahead of peak seasonal demand as disruptions complicated restocking</li><li>Europe's January Group II supply rose to a five-month high, building a buffer that helped cushion the initial impact of disruptions</li></ul>

Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increasesIndia's base oils supply fell to an eighteen-month low in February, cutting inventories ahead of peak seasonal demand as disruptions complicated restockingEurope's January Group II supply rose to a five-month high, building a buffer that helped cushion the initial impact of disruptions

Base Oils and Lubricants: Weekly Global Market Review - 2 Apr '26

<ul><li>A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India the likely destination.</li><li>The large shipment and a surge in flows in second-half March pointed to a muted impact so far from any feedstock supply issues.</li><li>Cargo of Group III base oils loaded from Indonesia in late March before heading to northwest Europe, set to arrive around mid-May.</li></ul>

A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India the likely destination.The large shipment and a surge in flows in second-half March pointed to a muted impact so far from any feedstock supply issues.Cargo of Group III base oils loaded from Indonesia in late March before heading to northwest Europe, set to arrive around mid-May.

Global Base Oils Cargo Flows: Week To 2 April

<ul><li>The Middle East conflict is driving structural disruption to the global base oils market, with lubricants prices rising up to 30% in a six-to-nine month scenario and more than 50% in a worst case, Rosefield Energy Tech said</li><li>Blenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and regional blenders most exposed</li><li>Rosefield recommended diversifying feedstock sources, shifting to regional hubs and adopting more dynamic pricing to reduce risk</li></ul>

The Middle East conflict is driving structural disruption to the global base oils market, with lubricants prices rising up to 30% in a six-to-nine month scenario and more than 50% in a worst case, Rosefield Energy Tech saidBlenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and regional blenders most exposedRosefield recommended diversifying feedstock sources, shifting to regional hubs and adopting more dynamic pricing to reduce risk

Middle East War Triggers Structural Disruption In Base Oils Market

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Thematic (Sector/Industry)

<ul>
<li>ONGC has floated $18-20 billion global tender for deepwater drilling rigs under the Samudra Manthan, targeting  3x jump in India's exploratory drilling rate from 30 to 100 wells by FY2027.</li>
<li>India imports 88% of its crude oil; the Hormuz closure has exposed this as a live fiscal and inflation emergency, with Brent near $120/bbl, the rupee breaching 95.</li>
<li>India's past exploration drives have stalled on policy inconsistency and under-investment; the real test is whether a crisis-induced spending surge can survive diplomacy and falling crude prices.</li>
</ul>


ONGC has floated $18-20 billion global tender for deepwater drilling rigs under the Samudra Manthan, targeting  3x jump in India's exploratory drilling rate from 30 to 100 wells by FY2027.
India imports 88% of its crude oil; the Hormuz closure has exposed this as a live fiscal and inflation emergency, with Brent near $120/bbl, the rupee breaching 95.
India's past exploration drives have stalled on policy inconsistency and under-investment; the real test is whether a crisis-induced spending surge can survive diplomacy and falling crude prices.


India's Samdura Manthan: How the Hormuz Crisis Launched India's Great Oil Expedition?

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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Global Base Oils Cargo Flows: Week To 10 April

Several Group II cargoes loaded from Taiwan over the past week, mostly bound for India, with delivery in second-half April. Taiwan’s...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 2 Apr '26

Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increases. India's base oils...

Base Oil News

Global Base Oils Cargo Flows: Week To 2 April

A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India...

Base Oil News

Middle East War Triggers Structural Disruption In Base Oils Market

Blenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and...

Base Oil News

India's Samdura Manthan: How the Hormuz Crisis Launched India's Great Oil Expedition?

ONGC aims to boost India's exploratory drilling rate with $18-20 billion global tender for deepwater rigs under Samudra Manthan, as country faces...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Base Oils Cargo Flows: Week To 10 April

Several Group II cargoes loaded from Taiwan over the past week, mostly bound for India, with delivery in second-half April. Taiwan’s...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 2 Apr '26

Middle East supply disruptions are proving structural rather than temporary, with lubricants prices facing significant increases. India's base oils...

Base Oil News

Global Base Oils Cargo Flows: Week To 2 April

A larger-than-usual cargo with a combination of light- and heavy-grade Group II base oils was set to load from Taiwan in early-April, with India...

Base Oil News

Middle East War Triggers Structural Disruption In Base Oils Market

Blenders faced simultaneous pressure from feedstock shortages, additives constraints, freight costs and currency depreciation, with local and...

Base Oil News

India's Samdura Manthan: How the Hormuz Crisis Launched India's Great Oil Expedition?

​ONGC aims to boost India's exploratory drilling rate with $18-20 billion global tender for deepwater rigs under Samudra Manthan, as country faces...

Sudarshan Bhandari

ONGC aims to boost India's exploratory drilling rate with $18-20 billion global tender for deepwater rigs under Samudra Manthan, as country faces...