Global Base Oil Price Outlook – Q2 2026
Base Oil Price Analysis 2026 points to a firmer pricing environment during Q2, with higher energy and production costs supporting regional benchmarks. The Base Oil Price Trends tracked by IMARC Group show a wide regional spread, with China at USD 940/MT compared with USD 1815/MT in the USA. This gap reflects differences in feedstock economics, refinery costs, freight, inventory positions, and local demand. The quarter was characterized by cost pressure rath