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 Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year.</li><li>US Group II base oils domestic price-premium to export prices similarly stays in relatively narrow range so far this year.</li><li>US Group II heavy-grade price-discount to prices in markets like India similarly holds in relatively narrow range throughout most of this year.</li></ul>

US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year.US Group II base oils domestic price-premium to export prices similarly stays in relatively narrow range so far this year.US Group II heavy-grade price-discount to prices in markets like India similarly holds in relatively narrow range throughout most of this year.

Global base oils arb outlook: Week of 20 October

<ul>
<li>Global base oils margins rise in response to increasingly lower crude oil prices.</li>
<li>Mostly-steady outright prices magnify impact of lower crude oil prices.</li>
<li>Firmer margins and steady outright prices point to stronger-than-usual fundamentals for the time of year.</li>
</ul>


Global base oils margins rise in response to increasingly lower crude oil prices.
Mostly-steady outright prices magnify impact of lower crude oil prices.
Firmer margins and steady outright prices point to stronger-than-usual fundamentals for the time of year.


Global base oils margins outlook: Week of 20 October

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Credit

<ul>
<li>This report will be different as we look into the latest THB bond offerings and give our opinion to Thai retail investors. </li>
<li>Thai rates will continue to be depressed in an attempt to spur the economy.</li>
<li>For Thai retailed investors, we believe Sermsang Power’s 2.33-year THB bonds with 4.5% are the most attractive among peers.</li>
</ul>


This report will be different as we look into the latest THB bond offerings and give our opinion to Thai retail investors. 
Thai rates will continue to be depressed in an attempt to spur the economy.
For Thai retailed investors, we believe Sermsang Power’s 2.33-year THB bonds with 4.5% are the most attractive among peers.


Asian Bond Monitor: Baht Bond Bummers (“BBB”)

<ul><li>Asia’s base oils demand could stay more cautious as signs of healthy stocks and rising supplies curb urgency to buy.</li><li>Any need to move surplus supplies to markets beyond Asia could put pressure on adjustment in prices to make those shipments more feasible.</li><li>Any such moves, and the subsequent prospect of additional price-pressure, could add to attraction of procuring smaller volumes more frequently.</li></ul>

Asia’s base oils demand could stay more cautious as signs of healthy stocks and rising supplies curb urgency to buy.Any need to move surplus supplies to markets beyond Asia could put pressure on adjustment in prices to make those shipments more feasible.Any such moves, and the subsequent prospect of additional price-pressure, could add to attraction of procuring smaller volumes more frequently.

Asia base oils demand outlook: Week of 13 October

<ul><li>Asia’s Group II base oils price-premium to Singapore gasoil holds in narrow range.</li><li>Firm gasoil premium to crude oil puts more pressure on refiners to trim light-grade supply rather than heavy grades, despite persistent surplus availability of heavy grades.</li><li>Asia’s base oils supply-surplus could face more upward pressure over coming months, even with firmer gasoil premium to crude, amid lighter round of plant-maintenance and start-up of new base oils units.</li></ul>

Asia’s Group II base oils price-premium to Singapore gasoil holds in narrow range.Firm gasoil premium to crude oil puts more pressure on refiners to trim light-grade supply rather than heavy grades, despite persistent surplus availability of heavy grades.Asia’s base oils supply-surplus could face more upward pressure over coming months, even with firmer gasoil premium to crude, amid lighter round of plant-maintenance and start-up of new base oils units.

Asia base oils supply outlook: Week of 13 October

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 20 October

US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year. US Group II base...

Base Oil News

Global base oils margins outlook: Week of 20 October

Global base oils margins rise in response to increasingly lower crude oil prices. Mostly-steady outright prices magnify impact of lower crude oil...

Base Oil News

Asian Bond Monitor: Baht Bond Bummers (“BBB”)

Analysis of latest THB bond offerings in Thailand reveals Sermsang Power's 2.33-year bonds with 4.5% as top choice for retail investors in...

Bondcritic

Asia base oils demand outlook: Week of 13 October

Asia’s base oils demand could stay more cautious as signs of healthy stocks and rising supplies curb urgency to buy. Any need to move surplus...

Base Oil News

Asia base oils supply outlook: Week of 13 October

Asia’s Group II base oils price-premium to Singapore gasoil holds in narrow range. Firm gasoil premium to crude oil puts more pressure on refiners...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global base oils arb outlook: Week of 20 October

US Group II base oils prices stay in unusually narrow range versus vacuum gasoil feedstock prices throughout most of this year. US Group II base...

Base Oil News

Global base oils margins outlook: Week of 20 October

Global base oils margins rise in response to increasingly lower crude oil prices. Mostly-steady outright prices magnify impact of lower crude oil...

Base Oil News

Asian Bond Monitor: Baht Bond Bummers (“BBB”)

​Analysis of latest THB bond offerings in Thailand reveals Sermsang Power's 2.33-year bonds with 4.5% as top choice for retail investors in...

Bondcritic

Asia base oils demand outlook: Week of 13 October

Asia’s base oils demand could stay more cautious as signs of healthy stocks and rising supplies curb urgency to buy. Any need to move surplus...

Base Oil News

Asia base oils supply outlook: Week of 13 October

Asia’s Group II base oils price-premium to Singapore gasoil holds in narrow range. Firm gasoil premium to crude oil puts more pressure on refiners...

Base Oil News

Analysis of latest THB bond offerings in Thailand reveals Sermsang Power's 2.33-year bonds with 4.5% as top choice for retail investors in...