Base Oil News
Market signals

Base Oils and Lubricants: Weekly Global Market Review - 06 Feb '26

Iain Pocock

  • Asia demand rising: Philippines & Vietnam imports rebounded in December, helping refiners clear surplus barrels

  • Indonesia Group III recovers: Exports rose as outage impacts faded; imports fell

  • Europe diverges: Group I supply rebounded in November, while Group II tightened on lower US and Saudi imports

  • US exports slump: November shipments dropped to near three-year lows

  • Americas under pressure: Lower US exports to Mexico coincide with falling Argentine production, partially reshaping trade flows

  • Global cargo shifts: Wave of shipments moved to India from Taiwan, Europe, Russia, and US

Global Base Oils Cargo Flows: Week To 6 February

Singapore’s Domestic Base Oils Exports Fall In Month To 4 Feb

FUCHS To Fully Acquire OPET FUCHS, Strengthening Türkiye Presence

Europe November Group II Supply Falls to 19-Month Low, Imports Dip

Asia’s December Lube Demand Rises To Three-Month High