Whichever regional Base oils-Lubes markets you work in, ICIS can offer the thorough pricing information you need to operate with confidence.
Our data and information on the regional Base oils-Lubes markets are provided by our network of reporters based locally in those markets.
This enables us to provide reliable price assessments and in-depth market coverage that are reliable and up-to-date on the very latest developments.
How we can help
Base oils-Lubes news and market information products from ICIS
We offer the following regional Base oils-Lubes analysis and news coverage to keep you informed of factors and developments affecting prices in the Base oils-Lubes marketplace.
Price Reporting – More information about the price reports we publish on Base oils-Lubes
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Base oils-Lubes
Track historical price data
News & analysis
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.
Base oils-Lubes: Market overview
Updated to Q1 2017
Supply of solvent neutrals in Europe is expected to remain tight during the first half of the quarter, with some producers thought unlikely to be offering spot volumes until February at the earliest. Sources suggest that this could exert upward pressure on prices. Brightstock supply remains healthy, with players in the export market suggesting that discounts are likely.
Spot prices in Asia for Group I and II base oils are likely to register extended gains amid snug spot availability and healthy demand. A spate of upcoming scheduled maintenance shutdowns at regional refineries in the first quarter is expected to curtail supply and lend support to spot pricing.
Americas base oil prices were largely stabilised during the second-half of 2016, with just Motiva issuing a posted price change in the fourth quarter. Export volumes continue to uphold the domestic balance for Americas base oil production. Moving into 2017, Group I base oil producers raised posted prices mostly by 20 cents/gal. Brightstock price increases were mostly at 15 cents/gal. Demand is expected to be boosted during the first quarter on seasonal changes in motor oil requirements.
News & analysis
Base oils-Lubes news & analysis
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.
Base Oils-Lubes Methodology
About Base oils-Lubes
Base oils are the main component of finished lubricants and are derived from the heavy crude oil fraction in vacuum distillation. They are refined to impart physical and chemical properties that will make a good lubricant. Most base oils are combined with small amounts of chemical additives to form the finished lubricants such as motor oil.
The traditional method of making base oils involves solvent extraction to remove aromatic compounds and solvent dewaxing to take out unwanted waxes. More recently hydroprocessing techniques employing hydrogen and catalysts have been used to make base oils.
Group I base oils which are mostly produced by solvent processing are used in less demanding applications. Group II and III base oils are produced by hydroprocessing and used in higher performing lubricants. Group IV base oils are synthetic oils typically based on polyalphaolefins (PAOs). Group V oils are used in the formulation of oil additives.