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>Global base oils values rise vs feedstock/competing fuel prices.</li><li>Firmer base oils values contrast with lower gasoil premium to crude oil, magnifying impact of rising base oils premium.</li><li>Rising base oils premium points to firm supply-demand fundamentals, especially in Europe and Asia.</li></ul>

Global base oils values rise vs feedstock/competing fuel prices.Firmer base oils values contrast with lower gasoil premium to crude oil, magnifying impact of rising base oils premium.Rising base oils premium points to firm supply-demand fundamentals, especially in Europe and Asia.

Global base oils margins outlook: Week of 17 March

<ul><li>US Group II base oils export prices mostly stay in narrow range vs vacuum gasoil so far this year.</li><li>US’ steady price premium contrasts with strong rise in Asia Group II base oils export price premium to Singapore gasoil prices so far this year.</li><li>US Group I brightstock price rises vs vacuum gasoil so far this year.</li></ul>

US Group II base oils export prices mostly stay in narrow range vs vacuum gasoil so far this year.US’ steady price premium contrasts with strong rise in Asia Group II base oils export price premium to Singapore gasoil prices so far this year.US Group I brightstock price rises vs vacuum gasoil so far this year.

Global base oils arb outlook: Week of 17 March

<ul><li>Asia’s base oils prices extend rise versus feedstock/competing fuel prices.</li><li>Increasingly firm margins coincide with closed arbitrage to more distant outlets like Americas, and less feasible arbitrage to logistically-closer markets like India and Middle East.</li><li>Firm margins and closed arbitrage point to tight supply.</li></ul>

Asia’s base oils prices extend rise versus feedstock/competing fuel prices.Increasingly firm margins coincide with closed arbitrage to more distant outlets like Americas, and less feasible arbitrage to logistically-closer markets like India and Middle East.Firm margins and closed arbitrage point to tight supply.

Asia base oils supply outlook: Week of 17 March

<ul><li>Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March.</li><li>Typical slowdown in consumption at start of second quarter of year curbs urgency for blenders to replenish supplies.</li><li>Expectations of improving availability in Q2 2025 add to attraction of holding off moves to replenish stocks.</li></ul>

Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March.Typical slowdown in consumption at start of second quarter of year curbs urgency for blenders to replenish supplies.Expectations of improving availability in Q2 2025 add to attraction of holding off moves to replenish stocks.

Asia base oils demand outlook: Week of 17 March

<ul><li>Europe’s Group II base oils prices hold in narrow range vs Group I prices in first two months of 2025.</li><li>Europe Group II prices flip to premium to Europe Group III 4cSt (low) prices in Feb 2025 for first time since mid-2021.</li><li>Relative price-strength of Group II base oils points to firm supply-demand fundamentals vs Group I and Group III base oils.</li></ul>

Europe’s Group II base oils prices hold in narrow range vs Group I prices in first two months of 2025.Europe Group II prices flip to premium to Europe Group III 4cSt (low) prices in Feb 2025 for first time since mid-2021.Relative price-strength of Group II base oils points to firm supply-demand fundamentals vs Group I and Group III base oils.

Global base oils arb outlook: Week of 10 March

China

Sinopec Shanghai Petrochemical Co., Ltd. processes crude oil into a broad range of synthetic fibers, resins and plastics, intermediate petrochemical products and petroleum products.

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Sinopec Shanghai Petroche A (600688 CH)

Global base oils margins outlook: Week of 17 March

Global base oils values rise vs feedstock/competing fuel prices. Firmer base oils values contrast with lower gasoil premium to crude oil,...

Base Oil News

Global base oils arb outlook: Week of 17 March

US Group II base oils export prices mostly stay in narrow range vs vacuum gasoil so far this year. US’ steady price premium contrasts with strong...

Base Oil News

Asia base oils supply outlook: Week of 17 March

Asia’s base oils prices extend rise versus feedstock/competing fuel prices. Increasingly firm margins coincide with closed arbitrage to more...

Base Oil News

Asia base oils demand outlook: Week of 17 March

Asia’s base oils demand could ease, with buyers having already covered requirements for peak-demand season in month of March. Typical slowdown in...

Base Oil News

Global base oils arb outlook: Week of 10 March

Europe’s Group II base oils prices hold in narrow range vs Group I prices in first two months of 2025. Europe Group II prices flip to premium to...

Base Oil News

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