Market Topics

February Base Oil Report

February 2, 2026

Gabriela Wheeler discusses some signs that demand for U.S. base oils could improve in coming months, although prices may continue to face downward pr ...

The Asian base oils market has been like a giant that is taking its time to awaken, since the potential for business is robust, but demand continues t ...

The European Union’s sanctions on oil products produced using Russian crude oil appear to have been badly thought through. Material such as jet fuel ...

The Asian base oils market has been like a giant that is taking its time to awaken, since the potential for business is robust, but demand continues t ...

This week the news is rotating around the implementation of new European Union and United Kingdom sanctions on material produced using Russian crude i ...

January Base Oil Report

January 14, 2026

Time to Shift Gears?   Despite the fact that 2025 proved to be a challenging year for the base oils and lubricants industry, most market players r ...

With most players having returned to their posts, business around Europe, the Middle East and Africa has resumed with what appears to be added zest on ...

This week sees the return to work for many participants in the base oil industry who have been on holiday during the past couple of weeks.

The past year has been one where geopolitical events played major roles in defining a number of base oil markets, imposing restrictions on trading and ...

Canada Pension Plan Investment Board agreed to acquire an indirect, non-controlling stake in Castrol as part of a transaction valued at about $10.1 bi ...

BP agreed to sell a 65% stake in its Castrol lubricants division to U.S. infrastructure investor Stonepeak, in a deal that values the century-old busi ...

Valencia, Spain – Europe and Asia are rapidly reshaping the rerefined base oil market, emerging as the dominant global hubs as sustainability mandat ...

Base oil markets have gone quiet in terms of purchasers and sellers conducting deals, but shipping remains active amidst the winter holidays – partl ...

With demand not expected to pick up in earnest until February, when many consumers start to build inventories for the spring lubricant production seas ...

The American Petroleum Institute (API) Lubricants Group has agreed to move forward with balloting on three proposals tied to the next heavy-duty en ...

The European, Middle Eastern and African base oil markets are subdued in terms of buying and selling activity, although deliveries of large cargoes fr ...

The European, Middle Eastern and African base oil markets are subdued in terms of buying and selling activity, although deliveries of large cargoes fr ...

Aster Chemicals and Energy will fork out U.S.$155 million to upgrade its refinery on Pulau Bukom in Singapore, the company said Dec. 9.  

Briefly Noted

December 10, 2025

Eneos Hastens Cooling Fluid DevelopmentEneos Holdings is using NVIDIA’s Alchemi platform to speed development of immersion-cooling fluids for data c ...

The base oils market moseyed its way through the last weeks of the year, with participants reporting business at predicted levels amid expectations th ...