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 could hold steady even with high heavy-grade prices and seasonal slowdown in consumption at start of Q2 2025.</li><li>Asia’s lube demand likely to peak in month of March, before holding at lower levels over following months.</li><li>Lube demand in Q2 2025 likely to remain well above levels in Q1 2025 even with slowdown at start of Q2 2025.</li></ul>

Asia’s base oils demand could hold steady even with high heavy-grade prices and seasonal slowdown in consumption at start of Q2 2025.Asia’s lube demand likely to peak in month of March, before holding at lower levels over following months.Lube demand in Q2 2025 likely to remain well above levels in Q1 2025 even with slowdown at start of Q2 2025.

Asia base oils demand outlook: Week of 24 March

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 Mar 21st.We estimate that they had an aggregated short interest worth USD2.0bn.</li>
<li>We tabulate league table 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 PTT, SCC, Krung Thai Bank, True, Srisawad.</li>
</ul>


We analyzed the changes in short interest of Stock Exchange of Thailand as of Mar 21st.We estimate that they had an aggregated short interest worth USD2.0bn.
We tabulate league table 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 PTT, SCC, Krung Thai Bank, True, Srisawad.


Thailand Short Interest Weekly (Mar 21st): PTT, SCC, Krung Thai Bank, True, Srisawad

<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>Asia’s base oils prices extend rise versus feedstock/competing fuel prices.</li><li>Increasingly firm margins coincide with closed arbitrage to more distant outlets like Americas, and less feasible arbitrage to logistically-closer markets like India and Middle East.</li><li>Firm margins and closed arbitrage point to tight supply.</li></ul>

Asia’s base oils prices extend rise versus feedstock/competing fuel prices.Increasingly firm margins coincide with closed arbitrage to more distant outlets like Americas, and less feasible arbitrage to logistically-closer markets like India and Middle East.Firm margins and closed arbitrage point to tight supply.

Asia base oils supply outlook: Week of 17 March

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)

Asia base oils demand outlook: Week of 24 March

Asia’s base oils demand could hold steady even with high heavy-grade prices and seasonal slowdown in consumption at start of Q2 2025. Asia’s lube...

Base Oil News

Thailand Short Interest Weekly (Mar 21st): PTT, SCC, Krung Thai Bank, True, Srisawad

We analyzed SET short interest report for the past week and highlighted short interest changes in PTT, SCC, Krung Thai Bank, True, Srisawad.

Ke Yan, CFA, FRM

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

Asia base oils supply outlook: Week of 17 March

Asia’s base oils prices extend rise versus feedstock/competing fuel prices. Increasingly firm margins coincide with closed arbitrage to more...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)