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 stay firm vs feedstock/competing fuel prices.</li><li>Firm base oils margins point to tight supply and strong demand.</li><li>Firm base oils margins incentivize refiners to raise base oils output.</li></ul>

Global base oils prices stay firm vs feedstock/competing fuel prices.Firm base oils margins point to tight supply and strong demand.Firm base oils margins incentivize refiners to raise base oils output.

Global base oils margins outlook: Week of 21 April

<ul><li>Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.</li><li>Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.</li><li>Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.</li></ul>

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year.Asia’s Group II base oils prices hold firm relative to prices in more distant markets like Americas so far this year.Asia’s firm prices complicate arbitrage, reflecting tighter-than-usual regional supply late last year and in early-2025.

Global base oils arb outlook: Week of 21 April

<ul><li>Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower.</li><li>Firm margins point to tight supply-demand fundamentals.</li><li>Margins hold firm even with demand fundamentals showing signs of easing and some plant maintenance work drawing to a close.</li></ul>

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower.Firm margins point to tight supply-demand fundamentals.Margins hold firm even with demand fundamentals showing signs of easing and some plant maintenance work drawing to a close.

Asia base oils supply outlook: Week of 21 April

<ul><li>Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.</li><li>Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.</li><li>High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.</li></ul>

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.

Asia base oils demand outlook: Week of 21 April

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>A noticeable shift in tone this week, with participation broadening and price action turning constructive.</li>
<li>Implied vols declined across most names, unwinding last week’s spike but still sitting above historical medians.</li>
<li>Call activity bounced back, and the Put/Call ratio suggestive of less defensiveactivity.</li>
</ul>


A noticeable shift in tone this week, with participation broadening and price action turning constructive.
Implied vols declined across most names, unwinding last week’s spike but still sitting above historical medians.
Call activity bounced back, and the Put/Call ratio suggestive of less defensiveactivity.


Hong Kong Single Stock Options Weekly (April 14 – 17): Broader Participation, Softer Vols

China

PetroChina Company Limited explores, develops, and produces crude oil and natural gas.  The Company also refines, transports, and distributes crude oil and petroleum products, produces and sells chemicals, and transmits, markets and sells natural gas.

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PetroChina (857 HK)

Global base oils margins outlook: Week of 21 April

Global base oils prices stay firm vs feedstock/competing fuel prices. Firm base oils margins point to tight supply and strong demand. Firm base...

Base Oil News

Global base oils arb outlook: Week of 21 April

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year. Asia’s Group II base oils...

Base Oil News

Asia base oils supply outlook: Week of 21 April

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower. Firm margins point to tight supply-demand...

Base Oil News

Asia base oils demand outlook: Week of 21 April

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic...

Base Oil News

Hong Kong Single Stock Options Weekly (April 14 – 17): Broader Participation, Softer Vols

This week saw a positive shift in market sentiment, with increased participation and improved price action. Implied vols decreased but remain...

John Ley

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global base oils margins outlook: Week of 21 April

Global base oils prices stay firm vs feedstock/competing fuel prices. Firm base oils margins point to tight supply and strong demand. Firm base...

Base Oil News

Global base oils arb outlook: Week of 21 April

Asia’s Group II base oils prices hold firm relative to prices in regional markets like northeast Asia so far this year. Asia’s Group II base oils...

Base Oil News

Asia base oils supply outlook: Week of 21 April

Asia’s base oils prices stay high relative to feedstock/competing fuel prices even as they edge lower. Firm margins point to tight supply-demand...

Base Oil News

Asia base oils demand outlook: Week of 21 April

Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic...

Base Oil News

Hong Kong Single Stock Options Weekly (April 14 – 17): Broader Participation, Softer Vols

​This week saw a positive shift in market sentiment, with increased participation and improved price action. Implied vols decreased but remain...

John Ley

This week saw a positive shift in market sentiment, with increased participation and improved price action. Implied vols decreased but remain...