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 shows signs of holding firmer than usual for time of year even as region’s lube demand faces seasonal slowdown in month of August.</li><li>Lower end-user consumption and prospect of improving availability of supply curbs need to build stocks.</li><li>Tighter-than-usual supply so far this year, lack of build-up of surplus volumes, and seasonal pick-up in demand in late-Q3 2025 could support steady demand.</li></ul>

Asia’s base oils demand shows signs of holding firmer than usual for time of year even as region’s lube demand faces seasonal slowdown in month of August.Lower end-user consumption and prospect of improving availability of supply curbs need to build stocks.Tighter-than-usual supply so far this year, lack of build-up of surplus volumes, and seasonal pick-up in demand in late-Q3 2025 could support steady demand.

Asia base oils demand outlook: Week of 21 July

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 changes in short interest of Bursa stocks as of Jul 18th. The aggregated short interest is USD386m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Top Glove, Axiata, Sunway, NationGate, Supermax.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jul 18th. The aggregated short interest is USD386m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Top Glove, Axiata, Sunway, NationGate, Supermax.


Bursa Short Interest Weekly (Jul 18th): Top Glove, Axiata, Sunway, NationGate, Supermax

<ul><li>Global base oils prices edge lower vs feedstock/competing fuel prices, stay well below recent highs in Q2 2025.</li><li>Lower base oils margins coincide with time of year when supply-demand fundamentals typically weaken.</li><li>Even at lower levels, base oils margins hold at levels that curb incentive for refiners to adjust output.</li></ul>

Global base oils prices edge lower vs feedstock/competing fuel prices, stay well below recent highs in Q2 2025.Lower base oils margins coincide with time of year when supply-demand fundamentals typically weaken.Even at lower levels, base oils margins hold at levels that curb incentive for refiners to adjust output.

Global base oils margins outlook: Week of 14 July

<ul><li>Europe’s Group II base oils prices hold unusually firm versus vacuum gasoil at start of Q3 2025.</li><li>Europe’s Group II base oils price-differentials hold unusually firm vs Group I and Group III base oils at start of Q3 2025.</li><li>Europe’s Group II base oils price-premium to Asia/US prices trends higher from early-Q2 2025.</li></ul>

Europe’s Group II base oils prices hold unusually firm versus vacuum gasoil at start of Q3 2025.Europe’s Group II base oils price-differentials hold unusually firm vs Group I and Group III base oils at start of Q3 2025.Europe’s Group II base oils price-premium to Asia/US prices trends higher from early-Q2 2025.

Global base oils arb outlook: Week of 14 July

<ul><li>Asia heavy-grade base oils price-premium to Singapore gasoil holds at elevated levels even as it slips from recent highs.</li><li>High heavy-grade margins point to firm supply-demand fundamentals, incentivize refiners to maintain or raise output of the grades.</li><li>Besides firm margins, outperformance of regional Group I SN 500 price relative to other grades and other regions points to even stronger fundamentals for that product.</li></ul>

Asia heavy-grade base oils price-premium to Singapore gasoil holds at elevated levels even as it slips from recent highs.High heavy-grade margins point to firm supply-demand fundamentals, incentivize refiners to maintain or raise output of the grades.Besides firm margins, outperformance of regional Group I SN 500 price relative to other grades and other regions points to even stronger fundamentals for that product.

Asia base oils supply outlook: Week of 14 July

Malaysia

Petronas Chemicals Group Bhd. is a chemical company. The Company offers a diversified range of petrochemical products such as olefins, polymers, fertilisers, methanol, and other basic chemicals and derivative products.

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Petronas Chemicals Group (PCHEM MK)

Asia base oils demand outlook: Week of 21 July

Asia’s base oils demand shows signs of holding firmer than usual for time of year even as region’s lube demand faces seasonal slowdown in month of...

Base Oil News

Bursa Short Interest Weekly (Jul 18th): Top Glove, Axiata, Sunway, NationGate, Supermax

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Top Glove, Axiata, Sunway, NationGate,...

Ke Yan, CFA, FRM

Global base oils margins outlook: Week of 14 July

Global base oils prices edge lower vs feedstock/competing fuel prices, stay well below recent highs in Q2 2025. Lower base oils margins coincide...

Base Oil News

Global base oils arb outlook: Week of 14 July

Europe’s Group II base oils prices hold unusually firm versus vacuum gasoil at start of Q3 2025. Europe’s Group II base oils price-differentials...

Base Oil News

Asia base oils supply outlook: Week of 14 July

Asia heavy-grade base oils price-premium to Singapore gasoil holds at elevated levels even as it slips from recent highs. High heavy-grade margins...

Base Oil News

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