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>US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier.</li><li>Narrower export price-discount points to more manageable supply surplus at end-2024 and early this year, when domestic demand faced seasonal slowdown.</li><li>More manageable supply surplus follows firm export volumes through H2 2024 and early this year.</li></ul>

US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier.Narrower export price-discount points to more manageable supply surplus at end-2024 and early this year, when domestic demand faced seasonal slowdown.More manageable supply surplus follows firm export volumes through H2 2024 and early this year.

Global base oils arb outlook: Week of 31 March

<ul><li>Global base oils prices slip relative to firmer feedstock/competing fuel prices.</li><li>Base oils margins in most markets remain at levels that point to balanced-to-tight supply-demand fundamentals, incentivizing refiners to maintain higher output.</li><li>FOB Asia base oils prices fall vs gasoil prices.</li></ul>

Global base oils prices slip relative to firmer feedstock/competing fuel prices.Base oils margins in most markets remain at levels that point to balanced-to-tight supply-demand fundamentals, incentivizing refiners to maintain higher output.FOB Asia base oils prices fall vs gasoil prices.

Global base oils margins outlook: Week of 31 March

<ul><li>Asia’s base oils prices extend dip versus feedstock/gasoil prices.</li><li>Margins hold firm for heavy grades, pointing to still-strong supply-demand fundamentals.</li><li>Firm margins partially cushion impact of weaker light-grade margins.</li></ul>

Asia’s base oils prices extend dip versus feedstock/gasoil prices.Margins hold firm for heavy grades, pointing to still-strong supply-demand fundamentals.Firm margins partially cushion impact of weaker light-grade margins.

Asia base oils supply outlook: Week of 31 March

<ul><li>Asia’s base oils demand could hold firm over the coming weeks as buyers replenish low stocks and lube consumption holds steady.</li><li>Rising crude oil prices could provide additional support.</li><li>Seasonal slowdown in demand from end of second quarter typically starts to curb buying interest several weeks before then.</li></ul>

Asia’s base oils demand could hold firm over the coming weeks as buyers replenish low stocks and lube consumption holds steady.Rising crude oil prices could provide additional support.Seasonal slowdown in demand from end of second quarter typically starts to curb buying interest several weeks before then.

Asia base oils demand outlook: Week of 31 March

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>Weekly recap of key option metrics across single stocks, including most active names and strikes, largest volume increases, biggest movers, and key earnings reports.</li>
<li>Breadth continues to deteriorate against an increasingly hostile global backdrop.</li>
<li>Both price and implied volatility declined on average, with the typical stock still well below its 52-week high.</li>
</ul>


Weekly recap of key option metrics across single stocks, including most active names and strikes, largest volume increases, biggest movers, and key earnings reports.
Breadth continues to deteriorate against an increasingly hostile global backdrop.
Both price and implied volatility declined on average, with the typical stock still well below its 52-week high.


Hong Kong Single Stock Options Weekly (March 24 – 28): Earnings Wrap as Breadth Deteriorates

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 arb outlook: Week of 31 March

US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier. Narrower export price-discount points to more...

Base Oil News

Global base oils margins outlook: Week of 31 March

Global base oils prices slip relative to firmer feedstock/competing fuel prices. Base oils margins in most markets remain at levels that point to...

Base Oil News

Asia base oils supply outlook: Week of 31 March

Asia’s base oils prices extend dip versus feedstock/gasoil prices. Margins hold firm for heavy grades, pointing to still-strong supply-demand...

Base Oil News

Asia base oils demand outlook: Week of 31 March

Asia’s base oils demand could hold firm over the coming weeks as buyers replenish low stocks and lube consumption holds steady. Rising crude oil...

Base Oil News

Hong Kong Single Stock Options Weekly (March 24 – 28): Earnings Wrap as Breadth Deteriorates

Weekly recap: Option metrics show declining breadth amid global challenges. Prices and implied volatility down, most stocks still well below 52...

John Ley

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global base oils arb outlook: Week of 31 March

US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier. Narrower export price-discount points to more...

Base Oil News

Global base oils margins outlook: Week of 31 March

Global base oils prices slip relative to firmer feedstock/competing fuel prices. Base oils margins in most markets remain at levels that point to...

Base Oil News

Asia base oils supply outlook: Week of 31 March

Asia’s base oils prices extend dip versus feedstock/gasoil prices. Margins hold firm for heavy grades, pointing to still-strong supply-demand...

Base Oil News

Asia base oils demand outlook: Week of 31 March

Asia’s base oils demand could hold firm over the coming weeks as buyers replenish low stocks and lube consumption holds steady. Rising crude oil...

Base Oil News

Hong Kong Single Stock Options Weekly (March 24 – 28): Earnings Wrap as Breadth Deteriorates

​Weekly recap: Option metrics show declining breadth amid global challenges. Prices and implied volatility down, most stocks still well below 52...

John Ley

Weekly recap: Option metrics show declining breadth amid global challenges. Prices and implied volatility down, most stocks still well below 52...