Base Oil

• Asia base oil prices and trading patterns remain volatile due to the ongoing and unresolved conflict between the United States and Iran. • Market turmoil is being driven primarily by Iran's control and closure of the Strait of Hormuz, which has severely disrupted global oil flows. • These geopolitical tensions are creating significant instability in both the crude oil and base oil sectors, impacting pricing strategies.

• Motiva, SK Enmove, and Avista Oil have announced increases in posted base oil prices. • The price hikes are driven by recent spikes in crude oil costs and tight global availability of Group II+ and Group III base oils. • In a strategic shift, SK and Chevron have entered into new supply agreements with HF Sinclair.

• Escalating hostilities between the United States and Iran, alongside the renewed closure of the Strait of Hormuz, have disrupted the flow of crude oil and refined products from the Persian Gulf. • These geopolitical tensions have pushed base oil and energy prices to steeper levels due to supply chain instability. • The situation is expected to worsen as Iran-backed Houthi rebels in Yemen threaten to attack shipping companies loading cargoes at Saudi ports on the Red Sea.

War with Iran has brought 15 American sites across the UK countryside firmly into the spotlightThey are dotted across the UK countryside, often obscured from public view behind highly secured perimeter fences. Technically, they are on British soil, and misleadingly most have “Royal Air Force” in their name.But in many respects, these military outposts are under the control of the US president and commander-in-chief. Continue reading...

Nerdeen Kiswani, founder of Within Our Lifetime group, says FBI told her plot against her life was ‘about to’ take placeSign up for the Breaking News US email to get newsletter alerts in your inboxFederal US law enforcement has foiled a plot to assassinate New York-based Palestinian American activist Nerdeen Kiswani.Kiswani wrote in post on X that late on Thursday, the FBI joint terrorism task force informed her that a plot against her life was “about to” take place, and that agents had conducted an operation in Hoboken, New Jersey in connection to the plot. Continue reading...

Iran Guards said they fired missiles at Israel and US forces in bases in Kuwait, Jordan and Bahrain; crude oil prices fall sharply in early tradingTrump’s rehashed 15-point Iran plan unlikely to appease TehranDisruptions to international fertiliser supplies caused by the closing of the strait of Hormuz will cause food scarcity and high prices, the World Trade Organisation’s deputy director general, Jean-Marie Paugam, told Agence France-Press.A third of the world’s fertilisers normally transit the strait, which has been virtually closed by Iran since the start of the war. Continue reading...