Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Equity Bottom-Up

<ul><li>In this edition: • Shell | decided not to resume construction of its biofuels facility in Rotterdam • Unilever | plans major shake-up of top-200 management • Fugro | awarded two contracts to support Brazil’s offshore energy expansion</li></ul>

In this edition: • Shell | decided not to resume construction of its biofuels facility in Rotterdam • Unilever | plans major shake-up of top-200 management • Fugro | awarded two contracts to support Brazil’s offshore energy expansion

What's New(s) in Amsterdam - 4 September (Shell | Unilever | Fugro)

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>US base oils demand likely to stay muted amid expectations of waning end-user consumption and improving supply in coming weeks.</li>
<li>US base oils demand typically falls in month of November from October.</li>
<li>Prospect of slowdown in demand would coincide with rise in supply following expected completion of plant-maintenance in H1 Nov 2025.</li>
</ul>


US base oils demand likely to stay muted amid expectations of waning end-user consumption and improving supply in coming weeks.
US base oils demand typically falls in month of November from October.
Prospect of slowdown in demand would coincide with rise in supply following expected completion of plant-maintenance in H1 Nov 2025.


Americas/EMEA base oils demand outlook: Week of 27 October

<ul>
<li>US Group II base oils prices hold firm vs VGO prices.</li>
<li>Firm base oils margins sustain incentive for refiners to maintain high output.</li>
<li>Supply set to get further boost following expected completion of plant-maintenance in H1 Nov 2025.</li>
</ul>


US Group II base oils prices hold firm vs VGO prices.
Firm base oils margins sustain incentive for refiners to maintain high output.
Supply set to get further boost following expected completion of plant-maintenance in H1 Nov 2025.


Americas/EMEA base oils supply outlook: Week of 27 October

<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

United Kingdom

Shell PLC explores and refines petroleum products. The Company produces fuels, chemicals, and lubricants. Shell serves clients worldwide.

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Shell PLC (SHEL LN)

What's New(s) in Amsterdam - 4 September (Shell | Unilever | Fugro)

In this edition: • Shell | decided not to resume construction of its biofuels facility in Rotterdam • Unilever | plans major shake-up of top-200...

The IDEA!

Americas/EMEA base oils demand outlook: Week of 27 October

US base oils demand likely to stay muted amid expectations of waning end-user consumption and improving supply in coming weeks. US base oils...

Base Oil News

Americas/EMEA base oils supply outlook: Week of 27 October

US Group II base oils prices hold firm vs VGO prices. Firm base oils margins sustain incentive for refiners to maintain high output. Supply set to...

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

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52-week Range

Market Cap (USDm)

P/E

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