Episode 1296: Podcast: Top 5 Base Oils Drivers to watch in 2025

In a changing financial and political landscape, the global base oils market is wavering between new capacity from the east and closely watching the US for new developments. 2025 looks set to pose new questions for investors and market can see changes at the touch of a key stroke.A widening spread between approved and unapproved Group III materialA wave of new capacity, with plants particularly in Singapore and India adding competition to Group IA tight supply of Brightstock and shifting spread between domestic and export volumesThe US dollar rally making Euro purchases more costlyPotential for US tariffs on Canada and Mexico and possible impact on crude flowsICIS experts Samantha Wright, Mike Conolly and Sophie Udubasceanu discuss the top five drivers to watch in 2025.Base oils are used to produce finished lubes and greases for automobiles and other machinery.