Weekly Base Oil Price Reports

EMEA Base Oil Price Report

February 27, 2024

Base oil and finished lubricant markets from the Americas to Asia are feeling impacts of the ongoing attacks on shipping through the Red Sea. – by R ...

Base oil fundamentals were in flux, with demand for a number of grades ramping up, and remaining on the sluggish side for others. Ample availability o ...

U.S. Base Oil Price Report

February 22, 2024

In a fairly quiet market – with many players away attending the Argus Global Base Oils Conference in London – reports that ExxonMobil intended to ...

EMEA Base Oil Price Report

February 20, 2024

Base oil markets in Europe, the Middle East and Africa continue to feel impacts of armed conflicts, but the effects vary from region to region. In gen ...

Asia Base Oil Price Report

February 16, 2024

Some base oil prices continued to show signs of strengthening, propelled by steady demand and tightening supplies, while others remained on a downward ...

U.S. Base Oil Price Report

February 14, 2024

Suppliers were focused on filling some early orders ahead of the busy spring production season, but it was too early to ascertain whether demand would ...

EMEA Base Oil Price Report

February 13, 2024

API Group I base oil prices have tumbled in Europe on the back of exceptionally aggressive export pricing from Eni in Livorno, Italy. The site could c ...

Asia Base Oil Price Report

February 9, 2024

Base oil prices in Asia were swayed by divergent currents, with some values moving up on tighter supply, and others falling due to sluggish demand and ...

U.S. Base Oil Price Report

February 7, 2024

There was still no clear indication whether this spring season would be stronger in terms of base oils demand than last year’s, but most suppliers r ...

EMEA Base Oil Price Report

February 6, 2024

The Middle East conflict deepened the past week as the United States attacked multiple sites in Syria and Iraq that it claimed were home to militias i ...

Asia Base Oil Price Report

February 2, 2024

Despite soft demand due to economic uncertainties affecting several countries in Asia, some base oil prices have edged up because of tightening condit ...

U.S. Base Oil Price Report

January 31, 2024

The first signs that base oil demand might be starting to perk up emerged during the week, but it was still too early to ascertain whether this meant ...

EMEA Base Oil Price Report

January 30, 2024

The Middle East situation intensified further the past week as the United States directly accused Iran of being responsible for proxy attacks in Jorda ...

Asia Base Oil Price Report

January 26, 2024

Base oil demand remained generally sluggish in Asia, with suppliers finding difficulties in explaining the reasons for the lack of vitality. Some attr ...

U.S. Base Oil Price Report

January 24, 2024

While recession fears seemed to have subsided in the United States, economic uncertainties and ongoing geopolitical conflicts appeared to be still imp ...

EMEA Base Oil Price Report

January 23, 2024

The effects of ships avoiding the Red Sea are becoming more apparent as the days go by, with governments and operating companies realizing the complic ...

Asia Base Oil Price Report

January 19, 2024

Despite expectations that the ongoing transportation disruptions in the Red Sea and delays in the Panama Canal would place upward pressure on base oil ...

U.S. Base Oil Price Report

January 17, 2024

Shipping and logistical difficulties continued to draw the attention of market participants, although domestic supplies have been unaffected by geopol ...

EMEA Base Oil Price Report

January 16, 2024

The main news topic this week is the escalation of attacks against merchant shipping in the Red Sea corridor, and retaliatory strikes against the Hout ...

Asia Base Oil Price Report

January 12, 2024

A majority of base oil prices remained under downward pressure given plentiful supplies and sluggish demand, but some grades were tighter, supporting ...