U.S. Base Oil Price Report
Crude oil prices skyrocketed over the weekend after a drone attack disabled two of Saudi Arabia’s main oil production facilities, causing a great deal of concern to base oil producers – particularly if oil values remain at the lofty levels reached over the last couple of days.–by Gabriela Wheeler
EMEA Base Oil Price Report
Base oil prices across Europe, the Middle East and Africa were flat again the past week.–by Ray Masson
SSY Base Oil Shipping Report
There has been a touch more business in the U.S. Gulf, and the same seems to be the case in Asia. European markets are largely unchanged however. There will undoubtedly be a massive impact for all regions following the drone attacks in Saudi Arabia this week, but it is still too early to see how it will all take shape.–by Adrian Brown
Asia Base Oil Price Report
The Asian base oil market seemed to be pulled in different directions; on the one hand, abundant supplies and lackluster demand were weighing on prices, and on the other, firm crude oil values were squeezing margins and causing upward pressure on indications.–by Gabriela Wheeler
Frances Lockwood is on Advonex International’s board of directors.
Pavlo Prykhodchenko is general manager of Biesterfeld Spezialchemie's Ukraine operations.