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>Wave of cargoes load from Taiwan since start of January, with a larger share of the shipments consisting of heavy grades.</li>
<li>Large cargo from Taiwan heads to India, set to arrive next week.</li>
<li>Cargo loads from Taiwan at end-Dec 2025 before heading to Europe, set to arrive in early-Feb 2026.</li>
</ul>


Wave of cargoes load from Taiwan since start of January, with a larger share of the shipments consisting of heavy grades.
Large cargo from Taiwan heads to India, set to arrive next week.
Cargo loads from Taiwan at end-Dec 2025 before heading to Europe, set to arrive in early-Feb 2026.


Global Base Oils Cargo Flows: Week To 9 January

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Equity Bottom-Up

<ul>
<li>The KTX Tactical Picks portfolio is constructed by KTX, with investments limited to securities covered by at least four analysts.</li>
<li>Stock inclusion and exclusion are based on forward earnings outlooks and relative price movements versus KTX's assessed fair value.</li>
<li>The recovery in electronics and retail stocks lifted the portfolio return by 0.31%, outperforming the SET Index (+0.04%).</li>
</ul>


The KTX Tactical Picks portfolio is constructed by KTX, with investments limited to securities covered by at least four analysts.
Stock inclusion and exclusion are based on forward earnings outlooks and relative price movements versus KTX's assessed fair value.
The recovery in electronics and retail stocks lifted the portfolio return by 0.31%, outperforming the SET Index (+0.04%).


KTX Tactical Picks - October 1, 2026 (Eng.)

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Six stocks remain, eight new join the fray</li>
<li>Since inception, it has gained 72% versus the SET 100 Index’s return of 23%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology
Portfolio changes: Six stocks remain, eight new join the fray
Since inception, it has gained 72% versus the SET 100 Index’s return of 23%


The Stocks to Own in Thailand – Vol. 51

<ul><li>Asia’s base oils prices extend steep fall vs gasoil prices.</li><li>Weaker outright prices compound the drop.</li><li>Sliding price-differentials, combined with increasingly firm diesel premium to crude oil, increase pressure on refiners to adjust output in response.</li></ul>

Asia’s base oils prices extend steep fall vs gasoil prices.Weaker outright prices compound the drop.Sliding price-differentials, combined with increasingly firm diesel premium to crude oil, increase pressure on refiners to adjust output in response.

Asia base oils supply outlook: Week of 10 November

<ul><li>Asia’s base oils demand likely to stay muted.</li><li>Expectations of healthy availability of supply and seasonal slowdown in demand curb urgency to lock in additional volumes.</li><li>Seasonal slowdown could limit immediate impact of any adjustment in base oils output because of lower margins.</li></ul>

Asia’s base oils demand likely to stay muted.Expectations of healthy availability of supply and seasonal slowdown in demand curb urgency to lock in additional volumes.Seasonal slowdown could limit immediate impact of any adjustment in base oils output because of lower margins.

Asia base oils demand outlook: Week of 10 November

Thailand

Thai Oil is Thailand's largest integrated petroleum refining and petrochemical company, operating one of Asia's most complex single-site refineries with a crude distillation capacity of 275,000 barrels per day. The company produces a wide range of refined petroleum products, petrochemicals, and lube base oil, alongside engaging in power generation and other supporting businesses. Thai Oil was founded in 1961 and is headquartered in Bangkok, Thailand.

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Thai Oil (TOP TB)

Global Base Oils Cargo Flows: Week To 9 January

Wave of cargoes load from Taiwan since start of January, with a larger share of the shipments consisting of heavy grades. Large cargo from Taiwan...

Base Oil News

KTX Tactical Picks - October 1, 2026 (Eng.)

The KTX Tactical Picks portfolio is constructed by KTX, with investments limited to securities covered by at least four analysts. Stock inclusion...

Krungthai XSpring

The Stocks to Own in Thailand – Vol. 51

We highlight 14 stocks in Thailand that look interesting to us based on our FVMR Methodology. Portfolio changes: Six stocks remain, eight new join...

A. Stotz Investment Research

Asia base oils supply outlook: Week of 10 November

Asia’s base oils prices extend steep fall vs gasoil prices. Weaker outright prices compound the drop. Sliding price-differentials, combined with...

Base Oil News

Asia base oils demand outlook: Week of 10 November

Asia’s base oils demand likely to stay muted. Expectations of healthy availability of supply and seasonal slowdown in demand curb urgency to lock...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)