Weekly Market Review 
Market signals

Base Oils and Lubricants - Weekly Global Market Review (12 Dec)

Iain Pocock

  • Global: Global base oils surplus narrows in September as demand growth outpaces supply.

  • Asia: Rising seasonal and structural rise in demand expected in H1 2026 underscores the need for timely startup of new base oils capacity.

  • Taiwan: Exports fall in November on slide in Group II heavy-grade shipments.

  • Turkey: Imports stay subdued in October as shipments from Russia extend decline

  • Brazil: November imports climb to 14-month high, boosting blenders' inventories at year-end.

  • Companies: Luberef secures feedstock continuity for Jeddah base oils plant.

  • Cargo flows: Wave of US cargoes set to reach Europe, Brazil, India in H2 December.

Global Base Oils Cargo Flows: Week To 12 Dec

Singapore’s Exports Hold Firm in Month To 10 Dec Amid India Demand

Mexico Base Oil Trade Flows – October 2025 (In Brief)

Turkey Base Oil Trade Flows – October 2025 (In Brief)

Asia’s Lube Demand To Rise in H1 2026 Amid New Base Oil Supply