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>Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March.</li><li>Typical slowdown in consumption at start of second quarter of year curbs urgency for blenders to replenish supplies.</li><li>Expectations of improving availability in Q2 2025 add to attraction of holding off moves to replenish stocks.</li></ul>

Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March.Typical slowdown in consumption at start of second quarter of year curbs urgency for blenders to replenish supplies.Expectations of improving availability in Q2 2025 add to attraction of holding off moves to replenish stocks.

Asia base oils demand outlook: Week of 17 March

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Brent crude prices have fallen below $70 per barrel, driven by rising non-OPEC supply, weak global demand, and geopolitical shifts, easing inflationary pressures in oil-importing economies like India.</li>
<li>Lower crude prices benefit OMCs, paints, tyres, and aviation, boosting margins, while upstream oil producers and government revenue face pressure, creating a mixed impact on India's economy.</li>
<li>Oil prices may remain range-bound in the mid-$60s to $70s, with OPEC+ production strategies, global demand trends, and geopolitical risks shaping future market movements.</li>
</ul>


Brent crude prices have fallen below $70 per barrel, driven by rising non-OPEC supply, weak global demand, and geopolitical shifts, easing inflationary pressures in oil-importing economies like India.
Lower crude prices benefit OMCs, paints, tyres, and aviation, boosting margins, while upstream oil producers and government revenue face pressure, creating a mixed impact on India's economy.
Oil prices may remain range-bound in the mid-$60s to $70s, with OPEC+ production strategies, global demand trends, and geopolitical risks shaping future market movements.


How Is the Decline in Oil Prices Reshaping India’s Economy?

<ul><li>Europe’s Group II base oils prices hold in narrow range vs Group I prices in first two months of 2025.</li><li>Europe Group II prices flip to premium to Europe Group III 4cSt (low) prices in Feb 2025 for first time since mid-2021.</li><li>Relative price-strength of Group II base oils points to firm supply-demand fundamentals vs Group I and Group III base oils.</li></ul>

Europe’s Group II base oils prices hold in narrow range vs Group I prices in first two months of 2025.Europe Group II prices flip to premium to Europe Group III 4cSt (low) prices in Feb 2025 for first time since mid-2021.Relative price-strength of Group II base oils points to firm supply-demand fundamentals vs Group I and Group III base oils.

Global base oils arb outlook: Week of 10 March

<ul><li>Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals.</li><li>US base oils premium to VGO/heating oil stays in narrower range, lagging rise in Asia and Europe.</li><li>Dynamic points to diverging fundamentals between US and other regions.</li></ul>

Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals.US base oils premium to VGO/heating oil stays in narrower range, lagging rise in Asia and Europe.Dynamic points to diverging fundamentals between US and other regions.

Global base oils margins outlook: Week of 10 March

<ul><li>Asia’s base oils prices extend rise vs feedstock/gasoil prices.</li><li>Rising margins point to increasingly tight supply-demand fundamentals, incentivizing refiners to maximise output.</li><li>Incentive to maximise output coincides with closed arbitrage from Asia to other markets, and signs of steady flows from other regions to Asia.</li></ul>

Asia’s base oils prices extend rise vs feedstock/gasoil prices.Rising margins point to increasingly tight supply-demand fundamentals, incentivizing refiners to maximise output.Incentive to maximise output coincides with closed arbitrage from Asia to other markets, and signs of steady flows from other regions to Asia.

Asia base oils supply outlook: Week of 10 March

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)

Asia base oils demand outlook: Week of 17 March

Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March. Typical slowdown in...

Base Oil News

How Is the Decline in Oil Prices Reshaping India’s Economy?

Falling Brent crude prices below $70/barrel benefit Indian economy through easing inflation, boosting certain industries, but pose challenges for...

Nimish Maheshwari

Global base oils arb outlook: Week of 10 March

Europe’s Group II base oils prices hold in narrow range vs Group I prices in first two months of 2025. Europe Group II prices flip to premium to...

Base Oil News

Global base oils margins outlook: Week of 10 March

Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals. US base oils...

Base Oil News

Asia base oils supply outlook: Week of 10 March

Asia’s base oils prices extend rise vs feedstock/gasoil prices. Rising margins point to increasingly tight supply-demand fundamentals,...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Asia base oils demand outlook: Week of 17 March

Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March. Typical slowdown in...

Base Oil News

How Is the Decline in Oil Prices Reshaping India’s Economy?

​Falling Brent crude prices below $70/barrel benefit Indian economy through easing inflation, boosting certain industries, but pose challenges for...

Nimish Maheshwari

Global base oils arb outlook: Week of 10 March

Europe’s Group II base oils prices hold in narrow range vs Group I prices in first two months of 2025. Europe Group II prices flip to premium to...

Base Oil News

Global base oils margins outlook: Week of 10 March

Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals. US base oils...

Base Oil News

Asia base oils supply outlook: Week of 10 March

Asia’s base oils prices extend rise vs feedstock/gasoil prices. Rising margins point to increasingly tight supply-demand fundamentals,...

Base Oil News

Falling Brent crude prices below $70/barrel benefit Indian economy through easing inflation, boosting certain industries, but pose challenges for...