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 prices extend fall vs gasoil prices, with Group II heavy-grade differentials slipping to lowest since start of Q3 2024.</li><li>Ongoing squeeze on base oils margins increases importance for refiners to maintain balanced-to-tight supplies to boost their leverage to adjust prices accordingly.</li><li>Weaker margins and importance of balanced supplies boost incentive for refiners to adjust output accordingly.</li></ul>

Asia’s base oils prices extend fall vs gasoil prices, with Group II heavy-grade differentials slipping to lowest since start of Q3 2024.Ongoing squeeze on base oils margins increases importance for refiners to maintain balanced-to-tight supplies to boost their leverage to adjust prices accordingly.Weaker margins and importance of balanced supplies boost incentive for refiners to adjust output accordingly.

Asia base oils supply outlook: Week of 3 November

<ul><li>Asia’s base oils demand likely to stay cautious in face of seasonal slowdown in consumption and expectations of healthy availability of supply.</li><li>Firmer Group II prices in markets like India and China relative to FOB Asia cargo prices point to steadier buying interest in those markets.</li><li>Any such buying interest could reflect impact of or concern about tighter supply because of recent or upcoming plant-maintenance work in countries that supply those markets.</li></ul>

Asia’s base oils demand likely to stay cautious in face of seasonal slowdown in consumption and expectations of healthy availability of supply.Firmer Group II prices in markets like India and China relative to FOB Asia cargo prices point to steadier buying interest in those markets.Any such buying interest could reflect impact of or concern about tighter supply because of recent or upcoming plant-maintenance work in countries that supply those markets.

Asia base oils demand outlook: Week of 3 November

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Oct 24th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Shandong Gold Mining, CSPC Pharma, CCB, Zhaojin Mining Industry.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Oct 24th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Shandong Gold Mining, CSPC Pharma, CCB, Zhaojin Mining Industry.


HK Short Interest Weekly: Shandong Gold Mining, CSPC Pharma, CCB, Zhaojin Mining Industry

<ul><li>Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025.</li><li>Firm prices complicate arbitrage to move surplus supplies to markets like Latin America, suggesting Asia’s supply-demand fundamentals remain balanced to tight.</li><li>Asia’s Group II base oils price-premium to Singapore gasoil price stays at similar levels so far in Q4 2025 to end-Q3, even after recent rebound in crude/gasoil prices.</li></ul>

Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025.Firm prices complicate arbitrage to move surplus supplies to markets like Latin America, suggesting Asia’s supply-demand fundamentals remain balanced to tight.Asia’s Group II base oils price-premium to Singapore gasoil price stays at similar levels so far in Q4 2025 to end-Q3, even after recent rebound in crude/gasoil prices.

Global base oils arb outlook: Week of 27 October

<ul><li>Asia’s Group II base oils price-premium to Singapore gasoil falls amid rebound in crude and diesel prices.</li><li>Ongoing fall in outright heavy-grade prices magnifies size of dip in heavy-grade margins.</li><li>Heavy-grade margins maintain steep, even if narrowing premium to light-grade margins.</li></ul>

Asia’s Group II base oils price-premium to Singapore gasoil falls amid rebound in crude and diesel prices.Ongoing fall in outright heavy-grade prices magnifies size of dip in heavy-grade margins.Heavy-grade margins maintain steep, even if narrowing premium to light-grade margins.

Asia base oils supply outlook: Week of 27 October

China

PetroChina Company Limited operates as an oil and gas company. The Company offers crude oil and oil products exploration, development, production and marketing. PetroChina also markets petrochemical products and derivative chemicals.

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PetroChina (601857 CH)

Asia base oils supply outlook: Week of 3 November

Asia’s base oils prices extend fall vs gasoil prices, with Group II heavy-grade differentials slipping to lowest since start of Q3 2024. Ongoing...

Base Oil News

Asia base oils demand outlook: Week of 3 November

Asia’s base oils demand likely to stay cautious in face of seasonal slowdown in consumption and expectations of healthy availability of...

Base Oil News

HK Short Interest Weekly: Shandong Gold Mining, CSPC Pharma, CCB, Zhaojin Mining Industry

We analyzed the latest HK SFC report for aggregate short position as of Oct 24th and highlight short interest changes in Shandong Gold Mining, CSPC...

Ke Yan, CFA, FRM

Global base oils arb outlook: Week of 27 October

Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025. Firm prices complicate arbitrage to move surplus...

Base Oil News

Asia base oils supply outlook: Week of 27 October

Asia’s Group II base oils price-premium to Singapore gasoil falls amid rebound in crude and diesel prices. Ongoing fall in outright heavy-grade...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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