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 base oils prices rise versus crude oil/competing fuel prices.</li><li>Base oils margins rise because of slump in crude oil prices.</li><li>Base oils premium to VGO previously stayed in relatively narrow range even with round of plant maintenance work and at time of year when demand faces seasonal boost.</li></ul>

US base oils prices rise versus crude oil/competing fuel prices.Base oils margins rise because of slump in crude oil prices.Base oils premium to VGO previously stayed in relatively narrow range even with round of plant maintenance work and at time of year when demand faces seasonal boost.

Americas/EMEA base oils supply outlook: Week of 7 April

<ul><li>US base oils demand could weaken in face of widespread market volatility and slumping crude prices.</li><li>Any slowdown in demand would be at a time of year when consumption typically gets a seasonal boost.</li><li>More muted demand would cushion impact of round of base oils plant maintenance work.</li></ul>

US base oils demand could weaken in face of widespread market volatility and slumping crude prices.Any slowdown in demand would be at a time of year when consumption typically gets a seasonal boost.More muted demand would cushion impact of round of base oils plant maintenance work.

Americas/EMEA base oils demand outlook: Week of 7 April

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>For the week ending 28/Mar, U.S. crude inventories rose by 6.2m barrels (vs. expectations of 0.2k fall), and gasoline stockpiles fell less than expected.</li>
<li>US natural gas inventories rose by 29 Bcf for the week ending 28/Mar, exceeding analyst expectations of a 27 Bcf build. Inventories are 4.3% below the 5-year seasonal average.</li>
<li>Chevron sold its Texas gas assets for USD 525 million, while Exxon, Occidental, Schlumberger, and Aramco had their price targets cut.</li>
</ul>


For the week ending 28/Mar, U.S. crude inventories rose by 6.2m barrels (vs. expectations of 0.2k fall), and gasoline stockpiles fell less than expected.
US natural gas inventories rose by 29 Bcf for the week ending 28/Mar, exceeding analyst expectations of a 27 Bcf build. Inventories are 4.3% below the 5-year seasonal average.
Chevron sold its Texas gas assets for USD 525 million, while Exxon, Occidental, Schlumberger, and Aramco had their price targets cut.


[ETP 2025/14] WTI Plummets on Tariffs and OPEC Output Hike, Henry Hub Supported by Cooler Weather

<ul><li>US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier.</li><li>Narrower export price-discount points to more manageable supply surplus at end-2024 and early this year, when domestic demand faced seasonal slowdown.</li><li>More manageable supply surplus follows firm export volumes through H2 2024 and early this year.</li></ul>

US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier.Narrower export price-discount points to more manageable supply surplus at end-2024 and early this year, when domestic demand faced seasonal slowdown.More manageable supply surplus follows firm export volumes through H2 2024 and early this year.

Global base oils arb outlook: Week of 31 March

<ul><li>Global base oils prices slip relative to firmer feedstock/competing fuel prices.</li><li>Base oils margins in most markets remain at levels that point to balanced-to-tight supply-demand fundamentals, incentivizing refiners to maintain higher output.</li><li>FOB Asia base oils prices fall vs gasoil prices.</li></ul>

Global base oils prices slip relative to firmer feedstock/competing fuel prices.Base oils margins in most markets remain at levels that point to balanced-to-tight supply-demand fundamentals, incentivizing refiners to maintain higher output.FOB Asia base oils prices fall vs gasoil prices.

Global base oils margins outlook: Week of 31 March

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)

Americas/EMEA base oils supply outlook: Week of 7 April

US base oils prices rise versus crude oil/competing fuel prices. Base oils margins rise because of slump in crude oil prices. Base oils premium to...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 7 April

US base oils demand could weaken in face of widespread market volatility and slumping crude prices. Any slowdown in demand would be at a time of...

Base Oil News

[ETP 2025/14] WTI Plummets on Tariffs and OPEC Output Hike, Henry Hub Supported by Cooler Weather

US oil inventories rose significantly, while gasoline stockpiles fell less than expected. Natural gas inventories also exceeded expectations,...

Mint Finance

Global base oils arb outlook: Week of 31 March

US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier. Narrower export price-discount points to more...

Base Oil News

Global base oils margins outlook: Week of 31 March

Global base oils prices slip relative to firmer feedstock/competing fuel prices. Base oils margins in most markets remain at levels that point to...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Americas/EMEA base oils supply outlook: Week of 7 April

US base oils prices rise versus crude oil/competing fuel prices. Base oils margins rise because of slump in crude oil prices. Base oils premium to...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 7 April

US base oils demand could weaken in face of widespread market volatility and slumping crude prices. Any slowdown in demand would be at a time of...

Base Oil News

[ETP 2025/14] WTI Plummets on Tariffs and OPEC Output Hike, Henry Hub Supported by Cooler Weather

​US oil inventories rose significantly, while gasoline stockpiles fell less than expected. Natural gas inventories also exceeded expectations,...

Mint Finance

Global base oils arb outlook: Week of 31 March

US base oils export price-discount to US domestic prices stays narrower in Q1 2025 vs year-earlier. Narrower export price-discount points to more...

Base Oil News

Global base oils margins outlook: Week of 31 March

Global base oils prices slip relative to firmer feedstock/competing fuel prices. Base oils margins in most markets remain at levels that point to...

Base Oil News

US oil inventories rose significantly, while gasoline stockpiles fell less than expected. Natural gas inventories also exceeded expectations,...