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.

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Commodities

<ul><li>Cargo of Group II light and heavy grades loaded from Taiwan in early May before heading to Singapore, set to arrive early next week.</li><li>Cargo loadings from Taiwan in early May remained below levels in the first ten days of April.</li><li>Singapore took delivery in the past week of the first cargo from Saudi Arabia since November 2025.</li></ul>

Cargo of Group II light and heavy grades loaded from Taiwan in early May before heading to Singapore, set to arrive early next week.Cargo loadings from Taiwan in early May remained below levels in the first ten days of April.Singapore took delivery in the past week of the first cargo from Saudi Arabia since November 2025.

Global Base Oils Cargo Flows: Week To 8 May

<ul><li>Cargo of Group II base oils loaded from Taiwan in past week before heading to China.</li><li>Taiwan’s total exports slowed markedly in second-half April, leaving the full-month volume well below March levels.</li><li>Small cargo of Group II heavy grades set to load from Taiwan in early May, with Southeast Asia the likely destination.</li></ul>

Cargo of Group II base oils loaded from Taiwan in past week before heading to China.Taiwan’s total exports slowed markedly in second-half April, leaving the full-month volume well below March levels.Small cargo of Group II heavy grades set to load from Taiwan in early May, with Southeast Asia the likely destination.

Global Base Oils Cargo Flows: Week To 30 April

<ul><li>Asia's strong Q1 demand absorbed available supply, limiting restocking capacity heading into the second quarter</li><li>South Korea's elevated March output and exports met peak demand — but maintenance and fuel prioritisation pointed to a marked Q2 slowdown</li><li>Taiwan and South Korean flows slowed in April, pointing to that slowdown feeding through</li></ul>

Asia's strong Q1 demand absorbed available supply, limiting restocking capacity heading into the second quarterSouth Korea's elevated March output and exports met peak demand — but maintenance and fuel prioritisation pointed to a marked Q2 slowdownTaiwan and South Korean flows slowed in April, pointing to that slowdown feeding through

Base Oils and Lubricants: Weekly Global Market Review - 30 Apr '26

<ul><li>Middle East supply tightened immediately as imports had already slumped, with lower inventories intensifying the impact of the disruptions.</li><li>West and North Africa entered the disruption period with already-thin buffers, as weaker European supply had curtailed the usual start-of-year inventory build.</li><li>Europe entered the disruption with higher Group III supply, but its reliance on the Middle East for over 30% of volumes left it facing renewed inventory pressure.</li></ul>

Middle East supply tightened immediately as imports had already slumped, with lower inventories intensifying the impact of the disruptions.West and North Africa entered the disruption period with already-thin buffers, as weaker European supply had curtailed the usual start-of-year inventory build.Europe entered the disruption with higher Group III supply, but its reliance on the Middle East for over 30% of volumes left it facing renewed inventory pressure.

Base Oils and Lubricants: Weekly Global Market Review - 24 Apr '26

<ul><li>Cargo with a combination of light and heavy Group II base oils set to load from Taiwan in the coming days, with China the likely destination.</li><li>Cargo is the first in second-half April, amid a sharp slowdown in flows compared with first-half April.</li><li>Large cargo loaded from Taiwan in early April before heading to India, set to arrive in the coming days.</li></ul>

Cargo with a combination of light and heavy Group II base oils set to load from Taiwan in the coming days, with China the likely destination.Cargo is the first in second-half April, amid a sharp slowdown in flows compared with first-half April.Large cargo loaded from Taiwan in early April before heading to India, set to arrive in the coming days.

Global Base Oils Cargo Flows: Week To 24 April

Taiwan

Formosa Petrochemical Corp. refines crude oil and markets petroleum and petrochemical products.  The Company operates refineries and naphtha cracking plants that provide products such as gasoline, diesel, jet fuel, fuel oil, naphtha, ethylene, and liquefied petroleum gas.  FPCC also owns three utility centers and generates electricity.

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Formosa Petrochemical (6505 TT)

Global Base Oils Cargo Flows: Week To 8 May

Cargo of Group II light and heavy grades loaded from Taiwan in early May before heading to Singapore, set to arrive early next week. Cargo...

Base Oil News

Global Base Oils Cargo Flows: Week To 30 April

Cargo of Group II base oils loaded from Taiwan in past week before heading to China. Taiwan’s total exports slowed markedly in second-half April,...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 30 Apr '26

Asia's strong Q1 demand absorbed available supply, limiting restocking capacity heading into the second quarter South Korea's elevated March...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 24 Apr '26

Middle East supply tightened immediately as imports had already slumped, with lower inventories intensifying the impact of the...

Base Oil News

Global Base Oils Cargo Flows: Week To 24 April

Cargo with a combination of light and heavy Group II base oils set to load from Taiwan in the coming days, with China the likely...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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