Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>WTI crude prices are on the way to close the week higher, supported by trade optimism, better economic data from the U.S., and ongoing geopolitical tensions.  </li>
<li>U.S. natural gas slips as mild weather, strong production, and unclear short-term demand weigh on prices.</li>
<li>Chevron adds John Hess to its board after merger approval; Shell tops Q2 estimates; Aramco partners with Cloudera to bring AI to energy.</li>
</ul>


WTI crude prices are on the way to close the week higher, supported by trade optimism, better economic data from the U.S., and ongoing geopolitical tensions.  
U.S. natural gas slips as mild weather, strong production, and unclear short-term demand weigh on prices.
Chevron adds John Hess to its board after merger approval; Shell tops Q2 estimates; Aramco partners with Cloudera to bring AI to energy.


[ETP 2025/31] WTI Climbs While Henry Hub Swings; Shell Beat Estimates; Aramco Bets on AI

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.

<ul><li>US domestic base oils demand shows signs of easing, compounding impact of pick-up in supply.</li><li>Discount of US Group II export prices to domestic prices widens further, reflecting that dynamic.</li><li>Weaker domestic demand suggests buyers are now comfortable with existing stock levels to cover requirements over coming weeks and to cover any unexpected disruptions to supply.</li></ul>

US domestic base oils demand shows signs of easing, compounding impact of pick-up in supply.Discount of US Group II export prices to domestic prices widens further, reflecting that dynamic.Weaker domestic demand suggests buyers are now comfortable with existing stock levels to cover requirements over coming weeks and to cover any unexpected disruptions to supply.

Americas/EMEA base oils demand outlook: Week of 28 July

<ul>
<li>US base oils export prices extend fall versus feedstock/competing fuel prices.</li>
<li>Increasingly firm heating oil premium to crude oil compounds weakness of base oils prices.</li>
<li>Diverging price trends could prompt moves to divert more feedstock supplies into diesel pool.</li>
</ul>


US base oils export prices extend fall versus feedstock/competing fuel prices.
Increasingly firm heating oil premium to crude oil compounds weakness of base oils prices.
Diverging price trends could prompt moves to divert more feedstock supplies into diesel pool.


Americas/EMEA base oils supply outlook: Week of 28 July

<ul><li>India’s imported Group I heavy neutrals base oils cargo price strengthens relative to FOB Asia and Europe prices in July 2025.</li><li>India’s rising price-differential for Group I SN 500 follows drop in availability of the supplies from Iran especially in recent months.</li><li>India’s imports of Group I heavy neutrals fall to eighteen-month low in June 2025, mostly because of drop in supplies from Middle East.</li></ul>

India’s imported Group I heavy neutrals base oils cargo price strengthens relative to FOB Asia and Europe prices in July 2025.India’s rising price-differential for Group I SN 500 follows drop in availability of the supplies from Iran especially in recent months.India’s imports of Group I heavy neutrals fall to eighteen-month low in June 2025, mostly because of drop in supplies from Middle East.

Global base oils arb outlook: Week of 28 July

<ul><li>Global base oils prices turn more mixed relative to feedstock/competing fuel prices.</li><li>Light-grade margins face more pressure in Asia than in other markets.</li><li>Dynamic boosts incentive for adjustments in output in that market, points to more balanced fundamentals in other markets.</li></ul>

Global base oils prices turn more mixed relative to feedstock/competing fuel prices.Light-grade margins face more pressure in Asia than in other markets.Dynamic boosts incentive for adjustments in output in that market, points to more balanced fundamentals in other markets.

Global base oils margins outlook: Week of 28 July

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)

[ETP 2025/31] WTI Climbs While Henry Hub Swings; Shell Beat Estimates; Aramco Bets on AI

WTI crude prices rise on trade optimism and geopolitical tensions, while U.S. natural gas prices fall due to mild weather and strong production....

Mint Finance

Americas/EMEA base oils demand outlook: Week of 28 July

US domestic base oils demand shows signs of easing, compounding impact of pick-up in supply. Discount of US Group II export prices to domestic...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 28 July

US base oils export prices extend fall versus feedstock/competing fuel prices. Increasingly firm heating oil premium to crude oil compounds...

Base Oil News

Global base oils arb outlook: Week of 28 July

India’s imported Group I heavy neutrals base oils cargo price strengthens relative to FOB Asia and Europe prices in July 2025. India’s rising...

Base Oil News

Global base oils margins outlook: Week of 28 July

Global base oils prices turn more mixed relative to feedstock/competing fuel prices. Light-grade margins face more pressure in Asia than in other...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/31] WTI Climbs While Henry Hub Swings; Shell Beat Estimates; Aramco Bets on AI

​WTI crude prices rise on trade optimism and geopolitical tensions, while U.S. natural gas prices fall due to mild weather and strong production....

Mint Finance

Americas/EMEA base oils demand outlook: Week of 28 July

US domestic base oils demand shows signs of easing, compounding impact of pick-up in supply. Discount of US Group II export prices to domestic...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 28 July

US base oils export prices extend fall versus feedstock/competing fuel prices. Increasingly firm heating oil premium to crude oil compounds...

Base Oil News

Global base oils arb outlook: Week of 28 July

India’s imported Group I heavy neutrals base oils cargo price strengthens relative to FOB Asia and Europe prices in July 2025. India’s rising...

Base Oil News

Global base oils margins outlook: Week of 28 July

Global base oils prices turn more mixed relative to feedstock/competing fuel prices. Light-grade margins face more pressure in Asia than in other...

Base Oil News

WTI crude prices rise on trade optimism and geopolitical tensions, while U.S. natural gas prices fall due to mild weather and strong production....