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 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

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Drone strikes shut Saudi Arabia’s 4 mb/d East-West pipeline on 11 September; a partial, still-incomplete restart began 22 September, with full capacity roughly six weeks out.</li>
<li>With Hormuz still constrained and Qatari LNG structurally impaired, US-shale and Gulf Coast LNG, plus Canadian-oil sands and Pacific LNG, are absorbing displaced barrels and cargoes at a durable premium.</li>
<li>The pipeline’s repair timeline and Iran’s untested offer to reopen Hormuz within seven days are the two variables that decide whether this windfall compounds or fades into 2027.</li>
</ul>


Drone strikes shut Saudi Arabia’s 4 mb/d East-West pipeline on 11 September; a partial, still-incomplete restart began 22 September, with full capacity roughly six weeks out.
With Hormuz still constrained and Qatari LNG structurally impaired, US-shale and Gulf Coast LNG, plus Canadian-oil sands and Pacific LNG, are absorbing displaced barrels and cargoes at a durable premium.
The pipeline’s repair timeline and Iran’s untested offer to reopen Hormuz within seven days are the two variables that decide whether this windfall compounds or fades into 2027.


How Saudi Arabia's Supply Crisis Is Rerouting Capital to North America?

Product Marketing Manager, Criat

Raghav Chandra Mathur

Product Marketing Manager

Next-Generation Credit Analytics Provider

Criat

Criat specializes in new-generation data-driven credit analytics. Leveraging our industry-leading DeepCredit analytical technologies, we produce daily-updated forward-looking credit assessment and valuation to help financial institutions stay ahead of risks. Coupled with use-case-driven applications, we extract insights, answer questions and enable smarter credit decisions.

<ul>
<li>Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date.</li>
<li>Robust demand due to recovery in economic activity across major markets has been a steady tailwind to oil prices despite the prevalent geo-political catalysts that have spurred across global markets.</li>
<li>Globally listed oil and gas producers and service providers have therefore seen a marginal improvement in their aggregate credit risk profiles, with their Criat Credit Cycle Index (CCCI) dropping by close to 2bps over the same period.</li>
</ul>


Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date.
Robust demand due to recovery in economic activity across major markets has been a steady tailwind to oil prices despite the prevalent geo-political catalysts that have spurred across global markets.
Globally listed oil and gas producers and service providers have therefore seen a marginal improvement in their aggregate credit risk profiles, with their Criat Credit Cycle Index (CCCI) dropping by close to 2bps over the same period.


Global O&G Firms' Credit Quality Improves on Tighter Oil Markets

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>WTI gained 0.25% for the week but reversed sharply from its midweek highs as Saudi Arabia restored alternative export flows and fears of a prolonged supply loss eased.</li>
<li>Options volatility and skew fell after the initial supply shock, while managed money cut net longs, pointing to more cautious positioning as WTI slipped below USD 100.</li>
<li>Energy ETFs lagged crude despite selective AUM support, while Halliburton enters Q3 with North American pricing, Middle East activity and Venezuela as key catalysts.</li>
</ul>


WTI gained 0.25% for the week but reversed sharply from its midweek highs as Saudi Arabia restored alternative export flows and fears of a prolonged supply loss eased.
Options volatility and skew fell after the initial supply shock, while managed money cut net longs, pointing to more cautious positioning as WTI slipped below USD 100.
Energy ETFs lagged crude despite selective AUM support, while Halliburton enters Q3 with North American pricing, Middle East activity and Venezuela as key catalysts.


Energy Weekly (W/E 18/Sep): WTI Reverses, Risk Premium Unwinds, Halliburton Tests Pricing Power

<ul><li>Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension of those shipments to Europe and the Americas</li></ul><ul><li>Asia's summer surplus is smaller than usual as open arbitrage kept more barrels moving to the Americas and Europe.</li><li>Cargoes that loaded in July and August are now reaching those destinations, partially offsetting tighter US and Middle East supply.</li></ul>

Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension of those shipments to Europe and the AmericasAsia's summer surplus is smaller than usual as open arbitrage kept more barrels moving to the Americas and Europe.Cargoes that loaded in July and August are now reaching those destinations, partially offsetting tighter US and Middle East supply.

Base Oils and Lubricants: Weekly Global Market Review - 18 Sep '26

Saudi Arabia

Saudi Arabian Oil Co., doing business as Saudi Aramco, operates as an oil exploration company. The Company focuses on hydrocarbons exploration, production, refining, distribution, and shipping, as well as provides crude oil marketing services. Saudi Aramco serves customers worldwide.

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Saudi Aramco (ARAMCO AB)

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

How Saudi Arabia's Supply Crisis Is Rerouting Capital to North America?

A pipeline that Riyadh built to escape the Strait of Hormuz has itself become a target. Every barrel and every Gulf cargo is now being affected,...

Nimish Maheshwari

Global O&G Firms' Credit Quality Improves on Tighter Oil Markets

Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date. Robust demand...

Criat

Energy Weekly (W/E 18/Sep): WTI Reverses, Risk Premium Unwinds, Halliburton Tests Pricing Power

WTI reversed sharply after its midweek spike as Saudi export concerns eased, while cautious positioning and weak energy equities shaped the market.

Mint Finance

Base Oils and Lubricants: Weekly Global Market Review - 18 Sep '26

Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension...

Base Oil News

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