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>Europe's supply held relatively steady at more than 370,000 tonnes, close to where it has stood for most of the past six months.</li><li>Americas supply dipped as plant maintenance in Brazil combined with US output falling to a 14-month low.</li><li>Middle East supply fell to its lowest level in more than seven years, with a slump in Group III shipments outweighing a rise in flows from Saudi Arabia.</li></ul>

Europe's supply held relatively steady at more than 370,000 tonnes, close to where it has stood for most of the past six months.Americas supply dipped as plant maintenance in Brazil combined with US output falling to a 14-month low.Middle East supply fell to its lowest level in more than seven years, with a slump in Group III shipments outweighing a rise in flows from Saudi Arabia.

Global Base Oils Supply Falls To 16-Month Low In June

<ul><li>Middle East disruption is drawing more Asian base oils toward the Americas, reducing the surplus normally available in Asia just as seasonal demand starts to recover</li></ul><ul><li>Middle East disruption is leaving the US short of the Group III volumes it normally receives, tightening its balance at a time when summer surplus would otherwise move to export markets.</li><li>Wide US arbitrage is drawing more Asian base oils toward the Americas, adding to established Group III flows.</li></ul>

Middle East disruption is drawing more Asian base oils toward the Americas, reducing the surplus normally available in Asia just as seasonal demand starts to recoverMiddle East disruption is leaving the US short of the Group III volumes it normally receives, tightening its balance at a time when summer surplus would otherwise move to export markets.Wide US arbitrage is drawing more Asian base oils toward the Americas, adding to established Group III flows.

Base Oils and Lubricants: Weekly Global Market Review - 4 Sept '26

<ul><li>A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week.</li><li>Shipments from Taiwan typically move to China, Southeast Asia or India rather than to South Korea.</li><li>Singapore-to-US shipments extended their surge for a second week, even as total Singapore exports declined.</li></ul>

A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week.Shipments from Taiwan typically move to China, Southeast Asia or India rather than to South Korea.Singapore-to-US shipments extended their surge for a second week, even as total Singapore exports declined.

Global Base Oils Cargo Flows: Week To 4 September

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Phillips 66 reported financial and operational results for the fourth quarter and full year of 2025, reflecting progress on its strategic initiatives and portfolio optimization.</li><li>The company emphasized its focus on operational discipline, improved refining performance, and growth in its midstream and chemicals segments.</li><li>Safety metrics reached a record high for 2025, and management highlighted several portfolio actions, including acquiring the remaining 50% interest in the WRB joint venture, selling a majority stake in the Germany and Austria retail marketing business, and idling the Los Angeles Refinery.</li></ul>

Phillips 66 reported financial and operational results for the fourth quarter and full year of 2025, reflecting progress on its strategic initiatives and portfolio optimization.The company emphasized its focus on operational discipline, improved refining performance, and growth in its midstream and chemicals segments.Safety metrics reached a record high for 2025, and management highlighted several portfolio actions, including acquiring the remaining 50% interest in the WRB joint venture, selling a majority stake in the Germany and Austria retail marketing business, and idling the Los Angeles Refinery.

Phillips 66: How Its Midstream Expansion Engine Is Powering Long-Term Growth!

<ul><li>A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far.</li><li>An unusually large cargo loaded from Singapore in the past week before heading to Hong Kong.</li><li>The last time a cargo of this size moved from Singapore to Hong Kong was in 2023.</li></ul>

A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far.An unusually large cargo loaded from Singapore in the past week before heading to Hong Kong.The last time a cargo of this size moved from Singapore to Hong Kong was in 2023.

Global Base Oils Cargo Flows: Week To 21 August

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Phillips 66 (PSX US)

Global Base Oils Supply Falls To 16-Month Low In June

Europe's supply held relatively steady at more than 370,000 tonnes, close to where it has stood for most of the past six months. Americas supply...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 4 Sept '26

Middle East disruption is drawing more Asian base oils toward the Americas, reducing the surplus normally available in Asia just as seasonal...

Base Oil News

Global Base Oils Cargo Flows: Week To 4 September

A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week. Shipments from...

Base Oil News

Phillips 66: How Its Midstream Expansion Engine Is Powering Long-Term Growth!

Phillips 66 reported financial and operational results for the fourth quarter and full year of 2025, reflecting progress on its strategic...

Baptista Research

Global Base Oils Cargo Flows: Week To 21 August

A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far. An unusually large cargo...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)