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 demand likely to get support from seasonal pick-up in requirements that coincides with round of plant maintenance work.</li><li>Mostly-steady outright base oils prices so far this year contrast with higher prices in other markets.</li><li>Steady export base oils values vs VGO so far this year contrast with slump, then surge in base oils values from H2 March 2024.</li></ul>

US base oils demand likely to get support from seasonal pick-up in requirements that coincides with round of plant maintenance work.Mostly-steady outright base oils prices so far this year contrast with higher prices in other markets.Steady export base oils values vs VGO so far this year contrast with slump, then surge in base oils values from H2 March 2024.

Americas/EMEA base oils demand outlook: Week of 24 March

<ul><li>Global base oils values rise vs feedstock/competing fuel prices.</li><li>Firmer base oils values contrast with lower gasoil premium to crude oil, magnifying impact of rising base oils premium.</li><li>Rising base oils premium points to firm supply-demand fundamentals, especially in Europe and Asia.</li></ul>

Global base oils values rise vs feedstock/competing fuel prices.Firmer base oils values contrast with lower gasoil premium to crude oil, magnifying impact of rising base oils premium.Rising base oils premium points to firm supply-demand fundamentals, especially in Europe and Asia.

Global base oils margins outlook: Week of 17 March

<ul><li>US Group II base oils export prices mostly stay in narrow range vs vacuum gasoil so far this year.</li><li>US’ steady price premium contrasts with strong rise in Asia Group II base oils export price premium to Singapore gasoil prices so far this year.</li><li>US Group I brightstock price rises vs vacuum gasoil so far this year.</li></ul>

US Group II base oils export prices mostly stay in narrow range vs vacuum gasoil so far this year.US’ steady price premium contrasts with strong rise in Asia Group II base oils export price premium to Singapore gasoil prices so far this year.US Group I brightstock price rises vs vacuum gasoil so far this year.

Global base oils arb outlook: Week of 17 March

<ul><li>US base oils prices mostly hold firm in narrow range versus feedstock/competing fuel prices.</li><li>Margins edge higher mostly because of lower crude oil prices rather than rise in base oils prices.</li><li>Margins in Europe and Asia rise more strongly because of rise in base oils prices.</li></ul>

US base oils prices mostly hold firm in narrow range versus feedstock/competing fuel prices.Margins edge higher mostly because of lower crude oil prices rather than rise in base oils prices.Margins in Europe and Asia rise more strongly because of rise in base oils prices.

Americas/EMEA base oils supply outlook: Week of 17 March

<ul><li>Seasonal boost in US base oils demand could be more muted than expected, with uncertainty about end-user consumption incentivizing buyers to maintain lower stocks.</li><li>Seasonal rise in demand typically cuts surplus supplies and often coincides with plant maintenance work, like this year.</li><li>Stronger demand and tighter supply typically give refiners more leverage to adjust prices to reflect those firmer fundamentals.</li></ul>

Seasonal boost in US base oils demand could be more muted than expected, with uncertainty about end-user consumption incentivizing buyers to maintain lower stocks.Seasonal rise in demand typically cuts surplus supplies and often coincides with plant maintenance work, like this year.Stronger demand and tighter supply typically give refiners more leverage to adjust prices to reflect those firmer fundamentals.

Americas/EMEA base oils demand outlook: Week of 17 March

United States

Phillips 66 is a downstream energy company.  The Company's operations include oil refining, marketing and transportation.  Phillips 66's operations also include chemical manufacturing and power generation.

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Phillips 66 (PSX US)

Americas/EMEA base oils demand outlook: Week of 24 March

US base oils demand likely to get support from seasonal pick-up in requirements that coincides with round of plant maintenance work. Mostly-steady...

Base Oil News

Global base oils margins outlook: Week of 17 March

Global base oils values rise vs feedstock/competing fuel prices. Firmer base oils values contrast with lower gasoil premium to crude oil,...

Base Oil News

Global base oils arb outlook: Week of 17 March

US Group II base oils export prices mostly stay in narrow range vs vacuum gasoil so far this year. US’ steady price premium contrasts with strong...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 17 March

US base oils prices mostly hold firm in narrow range versus feedstock/competing fuel prices. Margins edge higher mostly because of lower crude oil...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 17 March

Seasonal boost in US base oils demand could be more muted than expected, with uncertainty about end-user consumption incentivizing buyers to...

Base Oil News

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