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 markets grew more divided by region as Asia's broad supply softened Middle East disruptions, Europe's premium-grade supply drew on non-Middle East routes, though not enough to ease Group III tightness, and the US stayed structurally tighter.</li></ul><ul><li>Asia's broader supply base limited the impact of Middle East Group III disruptions, while the US stayed structurally tighter.</li><li>Singapore's prolonged production constraints kept imports elevated and exports subdued, giving rival Asian suppliers more time to strengthen relationships with buyers traditionally reliant on Singapore.</li></ul>

Global base oils markets grew more divided by region as Asia's broad supply softened Middle East disruptions, Europe's premium-grade supply drew on non-Middle East routes, though not enough to ease Group III tightness, and the US stayed structurally tighter.Asia's broader supply base limited the impact of Middle East Group III disruptions, while the US stayed structurally tighter.Singapore's prolonged production constraints kept imports elevated and exports subdued, giving rival Asian suppliers more time to strengthen relationships with buyers traditionally reliant on Singapore.

Base Oils and Lubricants: Weekly Global Market Review - 07 Aug '26

<ul><li>Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July.</li><li>Cargo carrying a combination of Group II light and heavy grades loaded from Taiwan in the past week before heading to South Korea.</li><li>Shipments from Taiwan to South Korea often then move on to other markets like the Americas.</li></ul>

Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July.Cargo carrying a combination of Group II light and heavy grades loaded from Taiwan in the past week before heading to South Korea.Shipments from Taiwan to South Korea often then move on to other markets like the Americas.

Global Base Oils Cargo Flows: Week To 31 July

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers threatened to tighten supply further. South Korea and India continued filling part of the shortfall, Singapore became a net base oils importer for the first time in five years, and slower replacement cargoes from Europe and the US pointed to limited spare supply ahead of August.

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers threatened to tighten supply further. South Korea and India continued filling part of the shortfall, Singapore became a net base oils importer for the first time in five years, and slower replacement cargoes from Europe and the US pointed to limited spare supply ahead of August.

Base Oils and Lubricants: Weekly Global Market Review - 31 Jul '26

<ul><li>The Group III shortage continued reshaping global trade flows, as Asia increasingly steps in to fill the gap.</li><li>Asia showed tentative signs of export recovery, with Singapore shipments picking up and Taiwan loadings improving after two months of disruption.</li><li>China's strong June Group III production and base oils exports, together with India's rising shipments, showed Asia increasingly filling supply gaps left by the Middle East.</li></ul>

The Group III shortage continued reshaping global trade flows, as Asia increasingly steps in to fill the gap.Asia showed tentative signs of export recovery, with Singapore shipments picking up and Taiwan loadings improving after two months of disruption.China's strong June Group III production and base oils exports, together with India's rising shipments, showed Asia increasingly filling supply gaps left by the Middle East.

Base Oils and Lubricants: Weekly Global Market Review - 24 Jul '26

<ul><li>Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week.</li><li>Shipment adds to a gradual pick-up in flows over the past week, although July volumes remain well down from month-earlier levels.</li><li>Singapore took delivery of additional supplies from Qatar, triggering a strong rebound in shipments from that market this month.</li></ul>

Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week.Shipment adds to a gradual pick-up in flows over the past week, although July volumes remain well down from month-earlier levels.Singapore took delivery of additional supplies from Qatar, triggering a strong rebound in shipments from that market this month.

Global Base Oils Cargo Flows: Week To 24 July

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)

Base Oils and Lubricants: Weekly Global Market Review - 07 Aug '26

Global base oils markets grew more divided by region as Asia's broad supply softened Middle East disruptions, Europe's premium-grade supply drew...

Base Oil News

Global Base Oils Cargo Flows: Week To 31 July

Cargo-loadings from Taiwan extended their rebound, with a surge in shipments in the last 10 days of July. Cargo carrying a combination of Group II...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 31 Jul '26

Middle East Group III disruptions entered a sixth month, keeping exports at multi-year lows, while maintenance among other Group III producers...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 24 Jul '26

The Group III shortage continued reshaping global trade flows, as Asia increasingly steps in to fill the gap. Asia showed tentative signs of...

Base Oil News

Global Base Oils Cargo Flows: Week To 24 July

Large Group II cargo with a combination of light and heavy grades was set to load from Taiwan at the end of this week. Shipment adds to a gradual...

Base Oil News

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52-week Range

Market Cap (USDm)

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