The document discusses the five categories of base oils used in lubricants as defined by the American Petroleum Institute. Group I-III oils are refined from petroleum, Group IV are full synthetic polyalphaolefin oils, and Group V includes other base oils. It provides details on the characteristics of Group I and II base oils, noting Group I oils are cheaper but have fewer saturated molecules, while Group II oils are more refined but also more common and competitively priced. The document also mentions paraffinic, naphthenic and aromatic base oil types as well as differences between synthetic and mineral base oils and monograde and multigrade oils.