Lubricant Knowledge

Market reference — October 21, 2026 China’s base-oil and related industrial-oil markets remain shaped by tight spot supply, low refinery inventories and elevated feedstock costs. Domestic base-oil offers moved higher, while most white-oil, light-white-oil and imported-base-oil references were broadly stable. The figures below are dated market references for purchasing review; they are not binding BAKLUCK

October opened with high crude prices before a coordinated policy announcement shifted sentiment. Reuters, AP and the G7 statement confirm that G7 members agreed on October 2 to release 100 million barrels of diesel and crude oil products over four months and refrain from energy export restrictions among members. Date NYMEX ICE Brent China INE

September produced the strongest rally in the supplied period, followed by a material reversal. The data log shows NYMEX October above $100 and Brent November above $107 on September 10, while late-month values fell back. Because not every daily geopolitical explanation could be independently verified, the table preserves market figures without treating each narrative as

August began with a sharp correction before risk returned later in the month. Reuters and AP reporting confirms that negotiations concerning the Strait of Hormuz were active, while shipping remained constrained. The EIA’s August outlook also assumed severely constrained Hormuz shipments through August with a gradual September improvement. Date NYMEX ICE Brent China INE Aug

July was defined by unusually wide swings. Reuters and AP reporting supports the broad backdrop of renewed US-Iran hostilities and severe disruption around the Strait of Hormuz. The supplied market log moved from NYMEX August at $68.58 on July 1 to a July 23 spike in the September contract, followed by a sharp retreat after

Late June brought a fast decline in international crude benchmarks as market participants reassessed Middle East supply risk and the prospects for renewed diplomacy. Public reporting subsequently confirmed that the United States and Iran agreed to halt attacks and renew talks on June 28. Daily causal descriptions in the supplied trading log should nevertheless be