Base Oils and Lubricants: Weekly Global Market Review - 27 Feb '26

India January imports drop to a 17-month low as Middle East shipments slump — tighter domestic supply may trigger stronger pre-season buying.

Asia exports to the Middle East stay elevated despite Saudi plant restart, signalling resilient demand.

Singapore domestic exports surge to an 11-month high, pointing to a potential regional supply shift.

US December exports diverge: Europe & South America up sharply; Mexico & India remain weak.

Latin America lubricants demand hits a two-year low, widening surplus risks into early 2026.

Global cargo flows show Asia-China rebound, premium-grade exports from Spain rise, and Argentina shipments resume.