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.

HPCL, Castrol India Sign MoU To Explore RRBO Ecosystem

ReGen III Signs MOU With US Blender, Expands Patent Portfolio

Europe New Car Sales Up 1.8% in 2025; BEVs Hit 17.4% Market Share

Asia December Exports Rise, Driving Q4 Shipments to Two-Year High

S Korea’s December Base Oils Output Rises Close to Four-Year High