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>Disruption-driven stock-building unwound across major markets, improving supply availability faster than buyers had anticipated</li><li>Supply returned to surplus in markets such as Argentina as recovering production and weaker demand reversed recent shortages</li><li>Group I again demonstrated the benefits of a broader production base, contrasting with tighter Group II and especially Group III supply</li></ul>

Disruption-driven stock-building unwound across major markets, improving supply availability faster than buyers had anticipatedSupply returned to surplus in markets such as Argentina as recovering production and weaker demand reversed recent shortagesGroup I again demonstrated the benefits of a broader production base, contrasting with tighter Group II and especially Group III supply

Base Oils and Lubricants: Weekly Global Market Review - 3 July '26

<ul><li>Supply recovered across most major markets, while buyers became more cautious as crude oil prices fell and disruption risks eased.</li><li>South Korea increased exports to the US but cut volumes to India, pointing to a shift in demand rather than a shortage of supply.</li><li>Taiwan's exports rebounded and Singapore's exports began recovering, reinforcing signs of improving Asian availability.</li></ul>

Supply recovered across most major markets, while buyers became more cautious as crude oil prices fell and disruption risks eased.South Korea increased exports to the US but cut volumes to India, pointing to a shift in demand rather than a shortage of supply.Taiwan's exports rebounded and Singapore's exports began recovering, reinforcing signs of improving Asian availability.

Base Oils and Lubricants: Weekly Global Market Review - 19 Jun '26

<ul><li>Global base oils supply rose to a five-year high in March, but demand rose even faster, flipping the market into its first deficit in more than five years.</li><li>Asia's supply continued to outpace demand, with higher output, softer exports and weaker Chinese procurement pointing to firmer regional availability.</li><li>China's output fell from a four-year high, but remained well above normal levels, reinforcing signs of sufficient domestic supply and limited need for additional imports.</li></ul>

Global base oils supply rose to a five-year high in March, but demand rose even faster, flipping the market into its first deficit in more than five years.Asia's supply continued to outpace demand, with higher output, softer exports and weaker Chinese procurement pointing to firmer regional availability.China's output fell from a four-year high, but remained well above normal levels, reinforcing signs of sufficient domestic supply and limited need for additional imports.

Base Oils and Lubricants: Weekly Global Market Review - 12 Jun '26

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul><li>The US launched retaliatory strikes in southern Iran, citing self-defense after an Iranian drone reportedly shot down a US military helicopter.</li><li>The BOI has approved more than Bt623bn of investment projects in 5M26, with the majority coming from US and Chinese hyperscalers.</li><li>Bank Indonesia unexpectedly raised its policy rate by 25bps to support the rupiah.</li></ul>

The US launched retaliatory strikes in southern Iran, citing self-defense after an Iranian drone reportedly shot down a US military helicopter.The BOI has approved more than Bt623bn of investment projects in 5M26, with the majority coming from US and Chinese hyperscalers.Bank Indonesia unexpectedly raised its policy rate by 25bps to support the rupiah.

Krungthai XSpring Zoom Eng. June 10, 2026

<ul><li>Higher base oils output in Japan and Brazil added to signs that refiners maintained firm production levels despite pressure to prioritise motor fuels.</li><li>Europe entered the supply-disruption period with elevated availability of all base oils grades, with steady US flows and strong Netherlands output pointing to Group II availability remaining adequate through Q2.</li><li>US base oils supply rebounded in March, but demand rose even faster, leaving inventories unusually low and reducing the buffer against any additional supply disruption.</li></ul>

Higher base oils output in Japan and Brazil added to signs that refiners maintained firm production levels despite pressure to prioritise motor fuels.Europe entered the supply-disruption period with elevated availability of all base oils grades, with steady US flows and strong Netherlands output pointing to Group II availability remaining adequate through Q2.US base oils supply rebounded in March, but demand rose even faster, leaving inventories unusually low and reducing the buffer against any additional supply disruption.

Base Oils and Lubricants: Weekly Global Market Review - 4 June '26

India

Savita Oil Technologies is an Indian manufacturer of specialty petroleum products, including transformer oils, white oils, liquid paraffins, and automotive and industrial lubricants. The company also operates a renewable energy division with wind power plants. It is headquartered in Mumbai, Maharashtra, India, and was founded in 1961.

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Savita Oil Technologies (STEC IN)

Base Oils and Lubricants: Weekly Global Market Review - 3 July '26

Disruption-driven stock-building unwound across major markets, improving supply availability faster than buyers had anticipated Supply returned...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 19 Jun '26

Supply recovered across most major markets, while buyers became more cautious as crude oil prices fell and disruption risks eased. South Korea...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 12 Jun '26

Global base oils supply rose to a five-year high in March, but demand rose even faster, flipping the market into its first deficit in more than...

Base Oil News

Krungthai XSpring Zoom Eng. June 10, 2026

The US launched retaliatory strikes in southern Iran, citing self-defense after an Iranian drone reportedly shot down a US military helicopter.

Krungthai XSpring

Base Oils and Lubricants: Weekly Global Market Review - 4 June '26

Higher base oils output in Japan and Brazil added to signs that refiners maintained firm production levels despite pressure to prioritise motor...

Base Oil News

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