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 hold in narrow range vs VGO since mid-April 2025.</li><li>Steady price differentials contrast with surge in margins in Q2 2024.</li><li>Steadier margins so far in Q2 2025 coincide with time of year when supply-demand fundamentals are likely to be tighter than usual.</li></ul>

US Group II base oils prices hold in narrow range vs VGO since mid-April 2025.Steady price differentials contrast with surge in margins in Q2 2024.Steadier margins so far in Q2 2025 coincide with time of year when supply-demand fundamentals are likely to be tighter than usual.

Americas/EMEA base oils supply outlook: Week of 2 June

<ul><li>US base oils demand could get support from stock-building ahead of Atlantic hurricane season.</li><li>Slow end-user consumption, expectations of improving availability of supply and of steady-to-lower prices could curb extent of any such stock-building.</li><li>US refiners’ regular exports of surplus shipments to overseas markets could limit volumes available to cover for any unexpected supply disruptions over coming months.</li></ul>

US base oils demand could get support from stock-building ahead of Atlantic hurricane season.Slow end-user consumption, expectations of improving availability of supply and of steady-to-lower prices could curb extent of any such stock-building.US refiners’ regular exports of surplus shipments to overseas markets could limit volumes available to cover for any unexpected supply disruptions over coming months.

Americas/EMEA base oils demand outlook: Week of 2 June

<ul><li>Asia’s base oils demand could soften as weakening supply-demand fundamentals incentivize buyers to maintain lower stocks.</li><li>Seasonal slowdown in lube consumption set to coincide with pick-up in supply following restart of growing number of plants after maintenance work.</li><li>Weaker demand in markets like Japan frees up more surplus volumes for export, adding to supply.</li></ul>

Asia’s base oils demand could soften as weakening supply-demand fundamentals incentivize buyers to maintain lower stocks.Seasonal slowdown in lube consumption set to coincide with pick-up in supply following restart of growing number of plants after maintenance work.Weaker demand in markets like Japan frees up more surplus volumes for export, adding to supply.

Asia base oils demand outlook: Week of 2 June

<ul><li>Global base oils prices mostly hold firm vs feedstock/gasoil prices.</li><li>Firm margins in Asia and Europe point to still-tight supply-demand fundamentals, incentivizing refiners to maintain high output levels.</li><li>Weaker margins in US point to diverging fundamentals compared with other regions.</li></ul>

Global base oils prices mostly hold firm vs feedstock/gasoil prices.Firm margins in Asia and Europe point to still-tight supply-demand fundamentals, incentivizing refiners to maintain high output levels.Weaker margins in US point to diverging fundamentals compared with other regions.

Global base oils margins outlook: Week of 26 May

<ul><li>US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year.</li><li>Persistent US price-discount to CFR India prices coincides with steady flow of heavy-grade base oils shipments from US to India and especially to Pakistan.</li><li>Arbitrage shipments highlight persistent surplus of heavy-grade base oils in US market.</li></ul>

US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year.Persistent US price-discount to CFR India prices coincides with steady flow of heavy-grade base oils shipments from US to India and especially to Pakistan.Arbitrage shipments highlight persistent surplus of heavy-grade base oils in US market.

Global base oils arb outlook: Week of 26 May

United Kingdom

Shell PLC explores and refines petroleum products. The Company produces fuels, chemicals, and lubricants. Shell serves clients worldwide.

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Shell PLC (SHEL LN)

Americas/EMEA base oils supply outlook: Week of 2 June

US Group II base oils prices hold in narrow range vs VGO since mid-April 2025. Steady price differentials contrast with surge in margins in Q2...

Base Oil News

Americas/EMEA base oils demand outlook: Week of 2 June

US base oils demand could get support from stock-building ahead of Atlantic hurricane season. Slow end-user consumption, expectations of improving...

Base Oil News

Asia base oils demand outlook: Week of 2 June

Asia’s base oils demand could soften as weakening supply-demand fundamentals incentivize buyers to maintain lower stocks. Seasonal slowdown in...

Base Oil News

Global base oils margins outlook: Week of 26 May

Global base oils prices mostly hold firm vs feedstock/gasoil prices. Firm margins in Asia and Europe point to still-tight supply-demand...

Base Oil News

Global base oils arb outlook: Week of 26 May

US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year. Persistent US price-discount to...

Base Oil News

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