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>Spare base oils supply is thin across major regions, leaving little room to absorb disruption from storms, outages or maintenance</li></ul><ul><li>Asia cleared a swathe of supply in the third quarter, leaving it balanced to tight with less room to cover other markets.</li><li>Singapore’s exports fell for a second week, a slowdown that would further limit Asia’s spare supply if it continues as seasonal demand firms.</li></ul>

Spare base oils supply is thin across major regions, leaving little room to absorb disruption from storms, outages or maintenanceAsia cleared a swathe of supply in the third quarter, leaving it balanced to tight with less room to cover other markets.Singapore’s exports fell for a second week, a slowdown that would further limit Asia’s spare supply if it continues as seasonal demand firms.

Base Oils and Lubricants: Weekly Global Market Review - 9 Oct '26

<ul><li>Base oils shipments from Taiwan extended their slowdown into a second week, coinciding with planned plant maintenance starting in October.</li><li>A cargo with a combination of Group II light and heavy grades loaded from Taiwan in early September for Europe passed through the Red Sea and Suez Canal in recent days.</li><li>A cargo loaded from South Korea in recent days headed to Northwest Europe, with arrival due in second-half November.</li></ul>

Base oils shipments from Taiwan extended their slowdown into a second week, coinciding with planned plant maintenance starting in October.A cargo with a combination of Group II light and heavy grades loaded from Taiwan in early September for Europe passed through the Red Sea and Suez Canal in recent days.A cargo loaded from South Korea in recent days headed to Northwest Europe, with arrival due in second-half November.

Global Base Oils Cargo Flows: Week To 9 October

<ul><li>Base oils supply is tighter than usual for the time of year, as Asian barrels filling overseas gaps face a competing call from recovering demand in their regional markets</li></ul><ul><li>Singapore's export recovery shows how additional barrels are becoming available as earlier disruptions ease.</li><li>That extra Asian supply is now facing a competing call from within the region as demand recovers, while maintenance in Taiwan and Saudi Arabia will remove more production.</li></ul>

Base oils supply is tighter than usual for the time of year, as Asian barrels filling overseas gaps face a competing call from recovering demand in their regional marketsSingapore's export recovery shows how additional barrels are becoming available as earlier disruptions ease.That extra Asian supply is now facing a competing call from within the region as demand recovers, while maintenance in Taiwan and Saudi Arabia will remove more production.

Base Oils and Lubricants: Weekly Global Market Review - 2 Oct '26

<ul><li>Asia's spare capacity is filling gaps left by tighter US, European and Middle East supply, but recovering demand and fourth-quarter maintenance will test its limits.</li></ul><ul><li>Traditional suppliers are losing export availability, giving Asian producers more room to meet requirements in the US, Europe and other overseas markets.</li><li>The response spans the region, with South Korea, Taiwan, India, Singapore and China all sending cargoes beyond Asia.</li></ul>

Asia's spare capacity is filling gaps left by tighter US, European and Middle East supply, but recovering demand and fourth-quarter maintenance will test its limits.Traditional suppliers are losing export availability, giving Asian producers more room to meet requirements in the US, Europe and other overseas markets.The response spans the region, with South Korea, Taiwan, India, Singapore and China all sending cargoes beyond Asia.

Base Oils and Lubricants: Weekly Global Market Review - 25 Sep '26

Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>EV Adoption in ASEAN is low compared to developed markets, however, development of a robust EV ecosystem remains a primary goal for the respective nations.</li>
<li>Governments in the region continues to introduce new policy measures and offer incentives to promote the sector, while companies continue to attract large investment to develop the EV market.</li>
<li>The four companies we looked at have reported earnings and we have discussed their latest results and our investment thesis.</li>
</ul>


EV Adoption in ASEAN is low compared to developed markets, however, development of a robust EV ecosystem remains a primary goal for the respective nations.
Governments in the region continues to introduce new policy measures and offer incentives to promote the sector, while companies continue to attract large investment to develop the EV market.
The four companies we looked at have reported earnings and we have discussed their latest results and our investment thesis.


ASEAN EV Ecosystem Update: Progressing Towards a Robust EV Ecosystem

Thailand

PTT is a Thai state-owned integrated petroleum and natural gas company involved in exploration, production, refining, and marketing of oil and gas, petrochemicals, and electricity generation. It operates extensive submarine gas pipelines and a network of LPG terminals. Headquartered in Bangkok, Thailand, the company was founded in 1978.

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PTT (PTT TB)

Base Oils and Lubricants: Weekly Global Market Review - 9 Oct '26

Spare base oils supply is thin across major regions, leaving little room to absorb disruption from storms, outages or maintenance Asia...

Base Oil News

Global Base Oils Cargo Flows: Week To 9 October

Base oils shipments from Taiwan extended their slowdown into a second week, coinciding with planned plant maintenance starting in October. A cargo...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 2 Oct '26

Base oils supply is tighter than usual for the time of year, as Asian barrels filling overseas gaps face a competing call from recovering demand...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 25 Sep '26

Asia's spare capacity is filling gaps left by tighter US, European and Middle East supply, but recovering demand and fourth-quarter maintenance...

Base Oil News

ASEAN EV Ecosystem Update: Progressing Towards a Robust EV Ecosystem

Development of a robust EV ecosystem remains a primary goal and the governments in the ASEAN region continue to introduce new policy measures and...

Shifara Samsudeen, FCMA, CGMA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Base Oils and Lubricants: Weekly Global Market Review - 9 Oct '26

Spare base oils supply is thin across major regions, leaving little room to absorb disruption from storms, outages or maintenance Asia...

Base Oil News

Global Base Oils Cargo Flows: Week To 9 October

Base oils shipments from Taiwan extended their slowdown into a second week, coinciding with planned plant maintenance starting in October. A cargo...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 2 Oct '26

Base oils supply is tighter than usual for the time of year, as Asian barrels filling overseas gaps face a competing call from recovering demand...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 25 Sep '26

Asia's spare capacity is filling gaps left by tighter US, European and Middle East supply, but recovering demand and fourth-quarter maintenance...

Base Oil News

ASEAN EV Ecosystem Update: Progressing Towards a Robust EV Ecosystem

​Development of a robust EV ecosystem remains a primary goal and the governments in the ASEAN region continue to introduce new policy measures and...

Shifara Samsudeen, FCMA, CGMA

Development of a robust EV ecosystem remains a primary goal and the governments in the ASEAN region continue to introduce new policy measures and...