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 Group I brightstock prices stay unusually high relative to other grades.</li><li>Brightstock price-strength helps to cushion impact of lower prices for lighter-grade base oils, supporting firm Group I base oils margins in markets like Europe.</li><li>Firm Group I base oil margins incentivize refiners to maintain high output.</li></ul>

Global Group I brightstock prices stay unusually high relative to other grades.Brightstock price-strength helps to cushion impact of lower prices for lighter-grade base oils, supporting firm Group I base oils margins in markets like Europe.Firm Group I base oil margins incentivize refiners to maintain high output.

Global base oils arb outlook: Week of 6 October

<ul><li>Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices.</li><li>Firmer margins, and signs of crude prices mostly holding in lower range, curb pressure on refiners to adjust base oils output.</li><li>Rise in Asia’s base oils supply coincides with more muted demand in China and southeast Asia and more complicated arbitrage to move heavy grades to India.</li></ul>

Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices.Firmer margins, and signs of crude prices mostly holding in lower range, curb pressure on refiners to adjust base oils output.Rise in Asia’s base oils supply coincides with more muted demand in China and southeast Asia and more complicated arbitrage to move heavy grades to India.

Asia base oils supply outlook: Week of 6 October

<ul><li>Asia’s base oils demand could ease amid expectations that supply is likely to rise from already-healthy levels.</li><li>Signs of healthy inventory levels in China and southeast Asia curb further any urgency to buy.</li><li>Reversal of crude oil prices back to their medium-term range erodes further any pressure on prices to rise in response to squeezed margins.</li></ul>

Asia’s base oils demand could ease amid expectations that supply is likely to rise from already-healthy levels.Signs of healthy inventory levels in China and southeast Asia curb further any urgency to buy.Reversal of crude oil prices back to their medium-term range erodes further any pressure on prices to rise in response to squeezed margins.

Asia base oils demand outlook: Week of 6 October

Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

<ul>
<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
Highlights: Currently eight pairtrade opportunities persist across three markets and five sectors.
</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.</li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

Highlights: Currently eight pairtrade opportunities persist across three markets and five sectors.


Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.


Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (28 Sep 2026)

<ul><li>Global base oils prices mostly extend fall vs feedstock/competing fuel prices amid sustained rise in crude oil prices.</li><li>Any extension of crude oil prices holding at current levels or rising further would add to squeeze on base oils margins, especially for light grades.</li><li>Balanced-to-tight base oils supply would give refiners more leverage to respond to any sustained squeeze on margins.</li></ul>

Global base oils prices mostly extend fall vs feedstock/competing fuel prices amid sustained rise in crude oil prices.Any extension of crude oil prices holding at current levels or rising further would add to squeeze on base oils margins, especially for light grades.Balanced-to-tight base oils supply would give refiners more leverage to respond to any sustained squeeze on margins.

Global base oils margins outlook: Week of 29 September

Japan

Idemitsu Kosan Co., Ltd. explores, imports, refines, and distributes petroleum and its related products.  The Company also manufactures and sells petrochemical products.

Price Gauge
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Idemitsu Kosan (5019 JP)

Global base oils arb outlook: Week of 6 October

Global Group I brightstock prices stay unusually high relative to other grades. Brightstock price-strength helps to cushion impact of lower prices...

Base Oil News

Asia base oils supply outlook: Week of 6 October

Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices. Firmer margins, and signs of crude prices mostly holding in lower...

Base Oil News

Asia base oils demand outlook: Week of 6 October

Asia’s base oils demand could ease amid expectations that supply is likely to rise from already-healthy levels. Signs of healthy inventory levels...

Base Oil News

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (28 Sep 2026)

Discover eight pair trade opportunities across three markets and five sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Global base oils margins outlook: Week of 29 September

Global base oils prices mostly extend fall vs feedstock/competing fuel prices amid sustained rise in crude oil prices. Any extension of crude oil...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global base oils arb outlook: Week of 6 October

Global Group I brightstock prices stay unusually high relative to other grades. Brightstock price-strength helps to cushion impact of lower prices...

Base Oil News

Asia base oils supply outlook: Week of 6 October

Asia’s base oils price-premiums to gasoil recover amid lower crude oil prices. Firmer margins, and signs of crude prices mostly holding in lower...

Base Oil News

Asia base oils demand outlook: Week of 6 October

Asia’s base oils demand could ease amid expectations that supply is likely to rise from already-healthy levels. Signs of healthy inventory levels...

Base Oil News

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (28 Sep 2026)

​Discover eight pair trade opportunities across three markets and five sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Global base oils margins outlook: Week of 29 September

Global base oils prices mostly extend fall vs feedstock/competing fuel prices amid sustained rise in crude oil prices. Any extension of crude oil...

Base Oil News

Discover eight pair trade opportunities across three markets and five sectors using statistical mean-reversion methodology for actionable insights.