The changing dynamics of Asia and ME Base oils markets

A  fall in crude prices have amounted in a shift in the global base oils market , more so between Group I and II base oils. How does this affect Asia and Middle East?   

For further visibility of the current base oils industry and where the market is headed, download a free whitepaper, produced by ICIS. By downloading the whitepaper you gain access to all of the following:

  • Market overview of Base oils in Asia and Middle East
  • Supply & demand trends – Group I and II base oils
  • Analysis of key market developments– crude oil fluctuation and other economic factors
  • Near-term forecast for Group I and II base oils

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About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group plc.

About Reed Business Information

Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

About RELX Group:

RELX Group is a world‐leading provider of information solutions for professional customers across industries. The group employs about 28,500 people of whom half are in North America. RELX PLC, the London Stock Exchange listed shareholding vehicle, holds 52.9% of the shares in RELX Group. RELX NV, the Amsterdam Stock Exchange listed shareholding vehicle, holds 47.1% of the shares in RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately €28.6bn/£21bn.

In-Depth coverage of Asia base oils

The ICIS Asia Base Oils Price Report provides comprehensive insight into pricing, trade flows, supply/demand and production news for the key grades of base oil in Asia, with a focus on China.

  • Base oils prices for Group I, II and III
  • Insight into trade flows, supply/demand and up/downstream markets
  • New capacities, shutdowns and production news
  • China domestic market intelligence
  • NEW: Get the latest price alerts for key benchmark quotes via the ICIS Dashboard
  • NEW: Group II Singapore ex-tank quotes for 150N and 500N
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Enhanced Middle East base oils coverage

The ICIS Middle East Base Oils Price Report offers key information, commentary and updates on the Middle Eastern markets, including spot prices, trade flows, supply/demand and transport.

  • Spot price assessments for Group I base oils
  • Pricing information for related products, including fuel oil and gasoil
  • Insight into trade flows, supply/demand and up/downstream markets
  • Accurate shipping fixture and freight rate data
  • NEW: FOB Iranian spot quotes
Request a free sample report now