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.

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Base oils producers, lube blenders and consumers can then better plan accordingly.

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Commodities

<ul><li>Several Group II cargoes load from Taiwan in past week before heading to southeast Asia.</li><li>Total Group II shipments so far this month amount to little more than half the volume during the same period in January.</li><li>Dip in cargo loadings mirrors similar dynamic in Singapore in recent weeks, coincides with Lunar New Year holidays.</li></ul>

Several Group II cargoes load from Taiwan in past week before heading to southeast Asia.Total Group II shipments so far this month amount to little more than half the volume during the same period in January.Dip in cargo loadings mirrors similar dynamic in Singapore in recent weeks, coincides with Lunar New Year holidays.

Global Base Oils Cargo Flows: Week To 20 February

<ul><li>November supply rose month on month in every major market except the Middle East, where refinery-maintenance curtailed output.</li><li>Output posted the largest increase in the Americas, driven largely by the completion of plant-maintenance in the US.</li><li>Asia’s base oils output rose year on year for a fourth straight month, with gains extending into December.</li></ul>

November supply rose month on month in every major market except the Middle East, where refinery-maintenance curtailed output.Output posted the largest increase in the Americas, driven largely by the completion of plant-maintenance in the US.Asia’s base oils output rose year on year for a fourth straight month, with gains extending into December.

Global Base Oils Supply Rises in November Before Seasonal Slowdown

<ul><li>Asia demand rising: Philippines &amp; Vietnam imports rebounded in December, helping refiners clear surplus barrels</li><li>Indonesia Group III recovers: Exports rose as outage impacts faded; imports fell</li><li>Europe diverges: Group I supply rebounded in November, while Group II tightened on lower US and Saudi imports</li></ul>

Asia demand rising: Philippines &amp; Vietnam imports rebounded in December, helping refiners clear surplus barrelsIndonesia Group III recovers: Exports rose as outage impacts faded; imports fellEurope diverges: Group I supply rebounded in November, while Group II tightened on lower US and Saudi imports

Base Oils and Lubricants: Weekly Global Market Review - 06 Feb '26

<ul><li>Group II cargo-loadings from Taiwan pause in past week, after a surge in shipments in Dec 2025 and Jan 2026.</li><li>Several large cargoes loaded from Taiwan in H2 Jan 2026 before heading to India, with first shipment set to arrive in the coming days.</li><li>Singapore took delivery of another cargo from China in the past week, extending for a third straight week a wave of shipments from that market.</li></ul>

Group II cargo-loadings from Taiwan pause in past week, after a surge in shipments in Dec 2025 and Jan 2026.Several large cargoes loaded from Taiwan in H2 Jan 2026 before heading to India, with first shipment set to arrive in the coming days.Singapore took delivery of another cargo from China in the past week, extending for a third straight week a wave of shipments from that market.

Global Base Oils Cargo Flows: Week To 6 February

<ul><li>Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second month.</li><li>Large cargo loaded last week from Taiwan bound for India, set to arrive in H2 Feb 2026.</li><li>Singapore takes delivery of unusually large cargo from Netherlands in past week, even with healthy regional availability of supply.</li></ul>

Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second month.Large cargo loaded last week from Taiwan bound for India, set to arrive in H2 Feb 2026.Singapore takes delivery of unusually large cargo from Netherlands in past week, even with healthy regional availability of supply.

Global Base Oils Cargo Flows: Week To 30 January

China

Sinopec Shanghai Petrochemical is one of China's largest integrated refining and petrochemical enterprises, producing refined oil products, intermediate petrochemicals, synthetic resins, and synthetic fibers. Its key products include gasoline, diesel, ethylene, propylene, polyethylene, and polyester. The company was established in 1972 and is headquartered in Jinshan District, Shanghai, China.

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Sinopec Shanghai Petrochemical (338 HK)

Global Base Oils Cargo Flows: Week To 20 February

Several Group II cargoes load from Taiwan in past week before heading to southeast Asia. Total Group II shipments so far this month amount to...

Base Oil News

Global Base Oils Supply Rises in November Before Seasonal Slowdown

November supply rose month on month in every major market except the Middle East, where refinery-maintenance curtailed output. Output posted the...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 06 Feb '26

Asia demand rising: Philippines & Vietnam imports rebounded in December, helping refiners clear surplus barrels Indonesia Group III...

Base Oil News

Global Base Oils Cargo Flows: Week To 6 February

Group II cargo-loadings from Taiwan pause in past week, after a surge in shipments in Dec 2025 and Jan 2026. Several large cargoes loaded from...

Base Oil News

Global Base Oils Cargo Flows: Week To 30 January

Several more large cargoes of Group II base oils load from Taiwan in late-Jan 2026, boosting, keeping total shipments unusually high for a second...

Base Oil News

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