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>Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.</li><li>Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.</li><li>Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.</li></ul>

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices.Group II heavy-grade prices maintain steep premium to Group I heavy-neutrals prices in Asia and especially in Europe.Group II heavy-grade price-strength extends to markets like India, even with recent strength in Group I prices in that market.

Global base oils arb outlook: Week of 30 June

<ul><li>Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.</li><li>Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.</li><li>Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.</li></ul>

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025.Recovery in light-grade base oils margins curbs pressure on refiners to adjust output of those supplies.Any moves to sustain base oils output at current levels would coincide with completion of most plant-maintenance work in the region.

Asia base oils supply outlook: Week of 30 June

<ul><li>Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices.</li><li>Prospect of seasonal slowdown in consumption and rise in surplus supply in coming weeks adds to incentive to hold back and to procure top-up supplies on need-to basis.</li><li>Demand for Group II heavy grades could get support from concern about tighter availability of Group I heavy neutrals because of upcoming plant-maintenance in southeast Asia and uncertainty about stability of flows from Iran.</li></ul>

Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices.Prospect of seasonal slowdown in consumption and rise in surplus supply in coming weeks adds to incentive to hold back and to procure top-up supplies on need-to basis.Demand for Group II heavy grades could get support from concern about tighter availability of Group I heavy neutrals because of upcoming plant-maintenance in southeast Asia and uncertainty about stability of flows from Iran.

Asia base oils demand outlook: Week of 30 June

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 Stock Exchange of Thailand as of Jun 27th. We estimate that they had an aggregated short interest worth USD2.0bn.</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 Bumrungrad Hospital, Scb X, Advanced Info Service, Ptt, Central Pattana, Cp Foods.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Jun 27th. We estimate that they had an aggregated short interest worth USD2.0bn.
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 Bumrungrad Hospital, Scb X, Advanced Info Service, Ptt, Central Pattana, Cp Foods.


Thailand Short Interest Weekly (Jun 27th): Bumrungrad Hospital, Scb X, Advanced Info Service, Ptt

<ul><li>Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices.</li><li>Rising diesel premium to crude oil magnifies pressure on base oils prices.</li><li>Speed of fall in base oils price differentials suggests surge in crude prices rather than weaker supply-demand fundamentals is key factor driving lower margins.</li></ul>

Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices.Rising diesel premium to crude oil magnifies pressure on base oils prices.Speed of fall in base oils price differentials suggests surge in crude prices rather than weaker supply-demand fundamentals is key factor driving lower margins.

Global base oils margins outlook: Week of 23 June

Thailand

PTT Public Company Limited operates as an oil and gas company. The Company produces, transports, and sells natural gas, crude oil, lubricants, aviation and marine, and petrochemical products. PTT offers fleet cards, storage, electronic bill presentment, and other related services. PTT serves customers in Thailand.

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PTT PCL (PTT TB)

Global base oils arb outlook: Week of 30 June

Global Group II heavy-grade base oils prices stay at elevated levels relative to feedstock and competing fuel prices. Group II heavy-grade prices...

Base Oil News

Asia base oils supply outlook: Week of 30 June

Asia’s base oils prices recover versus gasoil prices as crude oil prices revert to levels in H1 June 2025. Recovery in light-grade base oils...

Base Oil News

Asia base oils demand outlook: Week of 30 June

Asia’s base oils demand could ease as lower crude oil prices curb prospect of refiners adjusting output or raising prices. Prospect of seasonal...

Base Oil News

Thailand Short Interest Weekly (Jun 27th): Bumrungrad Hospital, Scb X, Advanced Info Service, Ptt

We analyzed SET short interest report for the past week and highlighted short interest changes in Bumrungrad Hospital, Scb X, Advanced Info...

Ke Yan, CFA, FRM

Global base oils margins outlook: Week of 23 June

Global base oils prices extend fall vs competing/feedstock prices following surge in crude oil prices. Rising diesel premium to crude oil...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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