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 prices rise sharply vs feedstock/gasoil prices.</li><li>Price premiums climb at time of year when they typically rise strongly in response to firmer supply-demand fundamentals.</li><li>Rise in price premiums in April 2025 coincides with slump in crude oil prices.</li></ul>

Global base oils prices rise sharply vs feedstock/gasoil prices.Price premiums climb at time of year when they typically rise strongly in response to firmer supply-demand fundamentals.Rise in price premiums in April 2025 coincides with slump in crude oil prices.

Global base oils margins outlook: Week of 14 April

<ul><li>US base oils export price discount to Asia base oils prices stays wide so far this year.</li><li>Wide price discount facilitates shipment of surplus supplies to markets like India.</li><li>US base oils and lube exports to India surge in Feb 2025, reflecting that dynamic.</li></ul>

US base oils export price discount to Asia base oils prices stays wide so far this year.Wide price discount facilitates shipment of surplus supplies to markets like India.US base oils and lube exports to India surge in Feb 2025, reflecting that dynamic.

Global base oils arb outlook: Week of 14 April

<ul><li>Asia’s base oils prices surge relative to feedstock and gasoil prices.</li><li>Surge in margins include light-grade base oils, for which supply is more readily available.</li><li>Increasingly high margins and closed arbitrage to other markets by contrast points to tight supply.</li></ul>

Asia’s base oils prices surge relative to feedstock and gasoil prices.Surge in margins include light-grade base oils, for which supply is more readily available.Increasingly high margins and closed arbitrage to other markets by contrast points to tight supply.

Asia base oils supply outlook: Week of 14 April

<ul><li>Asia’s base oils demand likely to be more muted as unusually extreme market volatility boosts incentive for buyers to keep inventories at lower levels.</li><li>Uncertainty about outlook and sharp fall in crude oil prices so far this month add to incentive to hold back.</li><li>Blenders could face lower-than-usual inventories at start of Q2 2025 because of tight supply and firm demand in Q1 2025.</li></ul>

Asia’s base oils demand likely to be more muted as unusually extreme market volatility boosts incentive for buyers to keep inventories at lower levels.Uncertainty about outlook and sharp fall in crude oil prices so far this month add to incentive to hold back.Blenders could face lower-than-usual inventories at start of Q2 2025 because of tight supply and firm demand in Q1 2025.

Asia base oils demand outlook: Week of 14 April

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Friday in US time, the China Securities Regulatory Commission (CSRC), China's MOF, and the US Public Company Accounting Oversight Board (PCAOB) "agreed" on a Statement of Protocol.</li>
<li>This SoP sets the outlines for PCAOB access to inspect/investigate audit papers and accounting firms in China and HK for companies listed in the US.</li>
<li>The releases' difference in language is to be expected - different constituencies - but as PCAOB Chair Williams said, <em>“Now we will find out whether those promises hold up."</em>
</li>
</ul>


Friday in US time, the China Securities Regulatory Commission (CSRC), China's MOF, and the US Public Company Accounting Oversight Board (PCAOB) "agreed" on a Statement of Protocol.
This SoP sets the outlines for PCAOB access to inspect/investigate audit papers and accounting firms in China and HK for companies listed in the US.
The releases' difference in language is to be expected - different constituencies - but as PCAOB Chair Williams said, “Now we will find out whether those promises hold up."



CSRC and PCAOB "Agree" On Audit Terms - Now PCAOB Will Try To Prove a Negative

China

PetroChina Company Limited explores, develops, and produces crude oil and natural gas.  The Company also refines, transports, and distributes crude oil and petroleum products, produces and sells chemicals, and transmits, markets and sells natural gas.

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PetroChina Co Ltd ADR (PTR US)

Global base oils margins outlook: Week of 14 April

Global base oils prices rise sharply vs feedstock/gasoil prices. Price premiums climb at time of year when they typically rise strongly in...

Base Oil News

Global base oils arb outlook: Week of 14 April

US base oils export price discount to Asia base oils prices stays wide so far this year. Wide price discount facilitates shipment of surplus...

Base Oil News

Asia base oils supply outlook: Week of 14 April

Asia’s base oils prices surge relative to feedstock and gasoil prices. Surge in margins include light-grade base oils, for which supply is more...

Base Oil News

Asia base oils demand outlook: Week of 14 April

Asia’s base oils demand likely to be more muted as unusually extreme market volatility boosts incentive for buyers to keep inventories at lower...

Base Oil News

CSRC and PCAOB "Agree" On Audit Terms - Now PCAOB Will Try To Prove a Negative

The PCAOB and CSRC announced they had signed a Statement of Protocol which allows the PCAOB to move forward with testing whether there will be...

Travis Lundy

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