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>Asia’s base oils prices extend fall vs gasoil prices, with Group II heavy-grade differentials slipping to lowest since start of Q3 2024.</li><li>Ongoing squeeze on base oils margins increases importance for refiners to maintain balanced-to-tight supplies to boost their leverage to adjust prices accordingly.</li><li>Weaker margins and importance of balanced supplies boost incentive for refiners to adjust output accordingly.</li></ul>

Asia’s base oils prices extend fall vs gasoil prices, with Group II heavy-grade differentials slipping to lowest since start of Q3 2024.Ongoing squeeze on base oils margins increases importance for refiners to maintain balanced-to-tight supplies to boost their leverage to adjust prices accordingly.Weaker margins and importance of balanced supplies boost incentive for refiners to adjust output accordingly.

Asia base oils supply outlook: Week of 3 November

<ul><li>Asia’s base oils demand likely to stay cautious in face of seasonal slowdown in consumption and expectations of healthy availability of supply.</li><li>Firmer Group II prices in markets like India and China relative to FOB Asia cargo prices point to steadier buying interest in those markets.</li><li>Any such buying interest could reflect impact of or concern about tighter supply because of recent or upcoming plant-maintenance work in countries that supply those markets.</li></ul>

Asia’s base oils demand likely to stay cautious in face of seasonal slowdown in consumption and expectations of healthy availability of supply.Firmer Group II prices in markets like India and China relative to FOB Asia cargo prices point to steadier buying interest in those markets.Any such buying interest could reflect impact of or concern about tighter supply because of recent or upcoming plant-maintenance work in countries that supply those markets.

Asia base oils demand outlook: Week of 3 November

<ul><li>Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025.</li><li>Firm prices complicate arbitrage to move surplus supplies to markets like Latin America, suggesting Asia’s supply-demand fundamentals remain balanced to tight.</li><li>Asia’s Group II base oils price-premium to Singapore gasoil price stays at similar levels so far in Q4 2025 to end-Q3, even after recent rebound in crude/gasoil prices.</li></ul>

Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025.Firm prices complicate arbitrage to move surplus supplies to markets like Latin America, suggesting Asia’s supply-demand fundamentals remain balanced to tight.Asia’s Group II base oils price-premium to Singapore gasoil price stays at similar levels so far in Q4 2025 to end-Q3, even after recent rebound in crude/gasoil prices.

Global base oils arb outlook: Week of 27 October

<ul><li>Asia’s Group II base oils price-premium to Singapore gasoil falls amid rebound in crude and diesel prices.</li><li>Ongoing fall in outright heavy-grade prices magnifies size of dip in heavy-grade margins.</li><li>Heavy-grade margins maintain steep, even if narrowing premium to light-grade margins.</li></ul>

Asia’s Group II base oils price-premium to Singapore gasoil falls amid rebound in crude and diesel prices.Ongoing fall in outright heavy-grade prices magnifies size of dip in heavy-grade margins.Heavy-grade margins maintain steep, even if narrowing premium to light-grade margins.

Asia base oils supply outlook: Week of 27 October

<ul><li>Asia’s base oils demand likely to stay muted amid expectations of ready availability of supply and waning consumption at year-end.</li><li>Recent volatility of crude oil prices adds to attraction of holding back.</li><li>Even so, firm China/India prices vs FOB Asia cargo prices points to ongoing buying interest in those markets.</li></ul>

Asia’s base oils demand likely to stay muted amid expectations of ready availability of supply and waning consumption at year-end.Recent volatility of crude oil prices adds to attraction of holding back.Even so, firm China/India prices vs FOB Asia cargo prices points to ongoing buying interest in those markets.

Asia base oils demand outlook: Week of 27 October

Thailand

Thai Oil is an integrated energy company engaged in oil refining and petrochemicals, producing a diverse range of products including refined fuels, petrochemicals, and base lubricating oils. It operates one of the leading complex refineries in Asia Pacific with a current capacity of 275,000 barrels per day. The company was founded in 1961 and is headquartered in Bangkok, Thailand.

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Thai Oil (TOP-R TB)

Asia base oils supply outlook: Week of 3 November

Asia’s base oils prices extend fall vs gasoil prices, with Group II heavy-grade differentials slipping to lowest since start of Q3 2024. Ongoing...

Base Oil News

Asia base oils demand outlook: Week of 3 November

Asia’s base oils demand likely to stay cautious in face of seasonal slowdown in consumption and expectations of healthy availability of...

Base Oil News

Global base oils arb outlook: Week of 27 October

Asia’s Group II base oils cargo prices hold firm versus US export prices so far in Q4 2025. Firm prices complicate arbitrage to move surplus...

Base Oil News

Asia base oils supply outlook: Week of 27 October

Asia’s Group II base oils price-premium to Singapore gasoil falls amid rebound in crude and diesel prices. Ongoing fall in outright heavy-grade...

Base Oil News

Asia base oils demand outlook: Week of 27 October

Asia’s base oils demand likely to stay muted amid expectations of ready availability of supply and waning consumption at year-end. Recent...

Base Oil News

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52-week Range

Market Cap (USDm)

P/E

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