For clear insight into regional Base oils-Lubes markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
Use ICIS information to:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Base oils-Lubes news and market information products from ICIS
We offer the following regional Base oils-Lubes coverage to keep you informed of factors and developments affecting prices in the Europe Base oils-Lubes marketplace.
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News & Analysis - News & market analysis specifically relating to Base oils-Lubes
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q1 2016
The first quarter saw a belated reaction in the Group I base oil market to the crude oil collapse that began back in October 2015. Many observers had expected two refinery closures in northwest Europe to cancel out the effect of this feedstock weakening by significantly tightening the market.
Shell and Kuwait Petroleum both began permanently shutting down their base oil production units in Pernis and Rotterdam, both in the Netherlands from the start of 2016. But the shutdowns were not immediate and, with first-quarter demand traditionally not particularly strong, inventories at both sites took some time to run down.
As market sentiment gradually accepted that there was indeed no structural shortage in the market, supply was further bolstered by a high volume of imports to northwest Europe from the Baltic Sea, where availability was increased by a sharp drop in demand from Nigeria, which was struck by a severe shortage of US dollars that severely diminished its importing ability.
Demand for Group I in northwest Europe also eased as blenders increasingly moved over to Group II supplies. Along with a steady supply from the US, Group II availability in Europe was further boosted by low prices in Asia opening the arbitrage. This also applied to Group III imports from Asia, which pressured European prices.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Base oils-Lubes.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Base oils-Lubes. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Base oils-Lubes, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.