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

Latin America’s April Base Oils Supply Catches Up With Demand

China’s May Base Oils And Lubricants Exports Surge To Record High

Premium-Grade Imports From Middle East Hit 16-Month Low In April

China’s May Group III Supply Steady As Imports Hit 22-Month Low

Base Oils and Lubricants: Weekly Global Market Review - 19 Jun '26