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 mostly hold firm vs feedstock/gasoil prices.</li><li>Firm margins in Asia and Europe point to still-tight supply-demand fundamentals, incentivizing refiners to maintain high output levels.</li><li>Weaker margins in US point to diverging fundamentals compared with other regions.</li></ul>

Global base oils prices mostly hold firm vs feedstock/gasoil prices.Firm margins in Asia and Europe point to still-tight supply-demand fundamentals, incentivizing refiners to maintain high output levels.Weaker margins in US point to diverging fundamentals compared with other regions.

Global base oils margins outlook: Week of 26 May

<ul><li>US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year.</li><li>Persistent US price-discount to CFR India prices coincides with steady flow of heavy-grade base oils shipments from US to India and especially to Pakistan.</li><li>Arbitrage shipments highlight persistent surplus of heavy-grade base oils in US market.</li></ul>

US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year.Persistent US price-discount to CFR India prices coincides with steady flow of heavy-grade base oils shipments from US to India and especially to Pakistan.Arbitrage shipments highlight persistent surplus of heavy-grade base oils in US market.

Global base oils arb outlook: Week of 26 May

<ul><li>Asia’s heavy-grade base oils prices stay high relative to feedstock/gasoil prices.</li><li>Firm margins point to ongoing supply-tightness even with completion of most plant maintenance work.</li><li>Firm margins suggest supply-tightness continues to outweigh signs of more muted demand, incentivizing refiners to boost output of heavy grades.</li></ul>

Asia’s heavy-grade base oils prices stay high relative to feedstock/gasoil prices.Firm margins point to ongoing supply-tightness even with completion of most plant maintenance work.Firm margins suggest supply-tightness continues to outweigh signs of more muted demand, incentivizing refiners to boost output of heavy grades.

Asia base oils supply outlook: Week of 26 May

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sagility-india" target="_blank" data-smartkarma-citation="entities:43717:1" rel="noopener">Sagility India (2058883D IN)</a> (Sagility) raised around US$250m in its India IPO in Nov 2024. The lockup on its pre-IPO investors is set to expire soon.</li>
<li>Sagility is a pure-play healthcare focused solutions and services provider to Payers (U.S. health insurance companies), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies).</li>
<li>In this note, we will talk about the lockup dynamics, possible placement and updates since our last note.</li>
</ul>



Sagility India (2058883D IN) (Sagility) raised around US$250m in its India IPO in Nov 2024. The lockup on its pre-IPO investors is set to expire soon.
Sagility is a pure-play healthcare focused solutions and services provider to Payers (U.S. health insurance companies), and Providers (primarily hospitals, physicians, and diagnostic and medical devices companies).
In this note, we will talk about the lockup dynamics, possible placement and updates since our last note.


Sagility India IPO Lockup - US$1.5bn Lockup Release; PE Promoter Will Have to Trim for Free-Float

<ul><li>Asia’s base oils demand likely to weaken in face of seasonal slowdown in consumption and rise in supply.</li><li>Drop in lube demand likely to gather pace from start of Q3 2025.</li><li>Drop in demand could be larger than usual because of weaker-than-expected economic growth.</li></ul>

Asia’s base oils demand likely to weaken in face of seasonal slowdown in consumption and rise in supply.Drop in lube demand likely to gather pace from start of Q3 2025.Drop in demand could be larger than usual because of weaker-than-expected economic growth.

Asia base oils demand outlook: Week of 26 May

India

Hindustan Petroleum Corporation Limited refines crude oil and manufactures petroleum and petroleum products. The Company's products, which are sold via outlets throughout India, include lube products, lubricating oil, aviation fuel, hydraulic brake fluid, greases, liquefied petroleum gas and insecticides. The Government of India is the majority shareholder in the company.

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Hindustan Petroleum (HPCL IN)

Global base oils margins outlook: Week of 26 May

Global base oils prices mostly hold firm vs feedstock/gasoil prices. Firm margins in Asia and Europe point to still-tight supply-demand...

Base Oil News

Global base oils arb outlook: Week of 26 May

US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year. Persistent US price-discount to...

Base Oil News

Asia base oils supply outlook: Week of 26 May

Asia’s heavy-grade base oils prices stay high relative to feedstock/gasoil prices. Firm margins point to ongoing supply-tightness even with...

Base Oil News

Sagility India IPO Lockup - US$1.5bn Lockup Release; PE Promoter Will Have to Trim for Free-Float

Sagility B.V. plans to offload up to 15.02% stake in Sagility India via block deals worth INR26.7bn (US$314.7m). The secondary share sale is priced...

Akshat Shah

Asia base oils demand outlook: Week of 26 May

Asia’s base oils demand likely to weaken in face of seasonal slowdown in consumption and rise in supply. Drop in lube demand likely to gather pace...

Base Oil News

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