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

Italy’s February Base Oils Output Extends Recovery

Global Base Oils Supply Near Multi-Year High In January

Taiwan’s March Base Oils Exports Rebound On China/SE Asia Demand

US Feb Exports To South America Rise Even As Total Shipments Fall

Pakistan Feb Base Oils Imports Steady Even As Supply Pauses Mount