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>Middle East disruption is drawing more Asian base oils toward the Americas, reducing the surplus normally available in Asia just as seasonal demand starts to recover</li></ul><ul><li>Middle East disruption is leaving the US short of the Group III volumes it normally receives, tightening its balance at a time when summer surplus would otherwise move to export markets.</li><li>Wide US arbitrage is drawing more Asian base oils toward the Americas, adding to established Group III flows.</li></ul>

Middle East disruption is drawing more Asian base oils toward the Americas, reducing the surplus normally available in Asia just as seasonal demand starts to recoverMiddle East disruption is leaving the US short of the Group III volumes it normally receives, tightening its balance at a time when summer surplus would otherwise move to export markets.Wide US arbitrage is drawing more Asian base oils toward the Americas, adding to established Group III flows.

Base Oils and Lubricants: Weekly Global Market Review - 4 Sept '26

<ul><li>A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week.</li><li>Shipments from Taiwan typically move to China, Southeast Asia or India rather than to South Korea.</li><li>Singapore-to-US shipments extended their surge for a second week, even as total Singapore exports declined.</li></ul>

A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week.Shipments from Taiwan typically move to China, Southeast Asia or India rather than to South Korea.Singapore-to-US shipments extended their surge for a second week, even as total Singapore exports declined.

Global Base Oils Cargo Flows: Week To 4 September

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>TotalEnergies delivered a comprehensive set of results for 2025, highlighting both achievements and challenges as the company progresses into 2026.</li><li>The company's integrated strategy centered around oil, gas, and LNG exhibited resilience, albeit with mixed performance indicators.</li><li>On the positive side, TotalEnergies achieved significant growth in its upstream segment, with a 4% increase in production, surpassing guidance and highlighting the strategic efficacy of recent investments.</li></ul>

TotalEnergies delivered a comprehensive set of results for 2025, highlighting both achievements and challenges as the company progresses into 2026.The company's integrated strategy centered around oil, gas, and LNG exhibited resilience, albeit with mixed performance indicators.On the positive side, TotalEnergies achieved significant growth in its upstream segment, with a 4% increase in production, surpassing guidance and highlighting the strategic efficacy of recent investments.

TotalEnergies: Can Qatar, Nigeria, and Mozambique Reshape Its Global LNG Dominance?

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>WTI rallied 6.6% last week as U.S.-Iran tensions kept a geopolitical premium embedded, before reversing on 24/Aug as markets priced in formally announced sanctions.</li>
<li>Options positioning turned cautiously constructive as falling implied volatility unwound the risk premium, while energy ETF gains stayed concentrated in upstream names over utilities.</li>
<li>TotalEnergies posted strong Q2 cash generation on higher prices and refining margins, strengthening its balance sheet while reshaping its portfolio toward LNG, power and reduced Russia exposure.</li>
</ul>


WTI rallied 6.6% last week as U.S.-Iran tensions kept a geopolitical premium embedded, before reversing on 24/Aug as markets priced in formally announced sanctions.
Options positioning turned cautiously constructive as falling implied volatility unwound the risk premium, while energy ETF gains stayed concentrated in upstream names over utilities.
TotalEnergies posted strong Q2 cash generation on higher prices and refining margins, strengthening its balance sheet while reshaping its portfolio toward LNG, power and reduced Russia exposure.


Energy Weekly (W/E 21/Aug): WTI Rallies on Hormuz, Skew Eases, TotalEnergies Builds Cash

<ul><li>A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far.</li><li>An unusually large cargo loaded from Singapore in the past week before heading to Hong Kong.</li><li>The last time a cargo of this size moved from Singapore to Hong Kong was in 2023.</li></ul>

A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far.An unusually large cargo loaded from Singapore in the past week before heading to Hong Kong.The last time a cargo of this size moved from Singapore to Hong Kong was in 2023.

Global Base Oils Cargo Flows: Week To 21 August

France

TotalEnergies SE operates as an energy company. The Company produces, transports, and supplies crude oil, natural gas, and low carbon electricity, as well as refines petrochemical products. TotalEnergies owns and manages gasoline filling stations worldwide.

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TotalEnergies (TTE US)

Base Oils and Lubricants: Weekly Global Market Review - 4 Sept '26

Middle East disruption is drawing more Asian base oils toward the Americas, reducing the surplus normally available in Asia just as seasonal...

Base Oil News

Global Base Oils Cargo Flows: Week To 4 September

A large cargo of Group II base oils loaded from Taiwan in late August before heading to South Korea, set to arrive this week. Shipments from...

Base Oil News

TotalEnergies: Can Qatar, Nigeria, and Mozambique Reshape Its Global LNG Dominance?

TotalEnergies delivered a comprehensive set of results for 2025, highlighting both achievements and challenges as the company progresses into...

Baptista Research

Energy Weekly (W/E 21/Aug): WTI Rallies on Hormuz, Skew Eases, TotalEnergies Builds Cash

WTI's Hormuz-driven rally is losing urgency as options markets unwind their risk premium, even as TotalEnergies shows how majors are turning strong...

Mint Finance

Global Base Oils Cargo Flows: Week To 21 August

A slowdown in cargo loadings from Taiwan extended into a second week, leaving total August volumes relatively low so far. An unusually large cargo...

Base Oil News

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