Base Stocks

Additive

Asia-Pacific Predicted to Lead Industry Growth

Lube Report Asia - March 31, 2023

Lubricant demand in the Asia-Pacific region is expected to grow out to 2035, driven by an expanding middle class in Indi ...

Shell Scratches Singapore Group II Plans

Shell Scratches Singapore Group II Plans

Lube Report Asia - March 31, 2023

Shell has decided not to build an API Group II base oil plant at its Singapore fuels and chemicals complex, according to ...

Additive

Change in Pricing Pressure Seen for U.S. Base Oils

Lube Report Americas - March 29, 2023

API Group III base oil prices in the United States have stayed high while values for Group I and II oils dropped steeply ...


U.S. Imports & Exports of Base Oils

(in thousands of barrels)

Month Imports Exports
Dec 2022 1,615 1,797
Nov 2022 967 2,351
Oct 2022 2,202 2,874
Sep 2022 1,496 2,284
Aug 2022 1,710 2,196
Jul 2022 1,721 3,853
Jun 2022 1,392 3,293
May 2022 1,514 3,674
Apr 2022 1,376 2,852
Mar 2022 1,435 3,672
Feb 2022 1,306 2,552
Jan 2022 1,148 2,718

Source: U.S. Energy Information Admin

U.S. Refinery Base Oil Production

(in thousands of barrels)

Month Paraffinic Naphthenic
Dec 2022 3,887 813
Nov 2022 3,869 783
Oct 2022 3,659 755
Sep 2022 3,966 670
Aug 2022 3,357 690
Jul 2022 4,352 749
Jun 2022 4,329 888
May 2022 4,638 893
Apr 2022 4,068 822
Mar 2022 4,437 697
Feb 2022 3,898 724
Jan 2022 3,885 716

Source: U.S. Energy Information Admin


Additive

U.S. Base Oil Price Report

Lube Report BOR Americas - March 29, 2023

Chevron and SK enmove communicated posted price decreases this week, which will go into effect on March 28 and April 1, ...

Lubricant Imports to Georgia on the Rise

Lubricant Imports to Georgia on the Rise

Lube Report EMEA - March 28, 2023

Georgia imported 22,000 metric tons of finished lubricants in 2022, a 15% increase from 19,000 tons in 2021, according t ...

Additive

EMEA Base Oil Price Report

Lube Report BOR EMEA - March 28, 2023

European base oil buyers are still reticent to purchase large quantities of any type of base stock – even to replenish ...

Group I Plants Closing, Groups II and III Growing

Group I Plants Closing, Groups II and III Growing

Lube Report Asia - March 24, 2023

The base oil supply and demand landscape has changed significantly in recent years, with global capacity for API Group I ...

Vertex Reports Higher Profit for Former Unit

Vertex Reports Higher Profit for Former Unit

Lube Report Americas - March 22, 2023

Vertex Energy reported higher gross profit and revenue from 2022 for its Heartland used motor oil collection and recycli ...

New Suppliers Sent Base Oil to Brazil in 2022

New Suppliers Sent Base Oil to Brazil in 2022

Lube Report Americas - March 22, 2023

API Group I and II base oil availability in South America increased in 2022 due to low prices in Asia-Pacific and the Un ...

Political Pressure Mounts Against Lubnor Sale

Political Pressure Mounts Against Lubnor Sale

Lube Report Americas - March 22, 2023

While Petrobras and Grepar Participacoes await the conclusion of a second regulator review of Grepar’s bid to buy the ...

Additive

U.S. Base Oil Price Report

Lube Report BOR Americas - March 22, 2023

Lackluster demand continued to exert pressure on base oil prices, as market uncertainties weighed on business and lubric ...

Additive

EMEA Base Oil Price Report

Lube Report BOR EMEA - March 21, 2023

Buying activity is starting to pick up in European, Middle Eastern and African base oil markets following an extremely l ...

South Korean Base Oil Exports Jumped in February

South Korean Base Oil Exports Jumped in February

Lube Report Asia - March 17, 2023

South Korea exported 29% more base oil in February, and the recorded value of those shipments jumped 36%, compared to re ...

U.S. Base Oil Exports Fall, Imports Rise

U.S. Base Oil Exports Fall, Imports Rise

Lube Report Americas - March 15, 2023

Base oil exports from the United States fell 6% in 2022, while imports rose by the same amount, according to U.S. Energy ...

Additive

U.S. Base Oil Price Report

Lube Report BOR Americas - March 15, 2023

Market participants seemed slightly perplexed at the fact that base oil demand has not been as strong as expected ahead ...

Calumet Reduced Loss in 2022

Calumet Reduced Loss in 2022

Lube Report Americas - March 15, 2023

Calumet Specialty Products Partners L.P. trimmed its losses while increasing sales revenue for the quarter ending Dec. 3 ...

Additive

EMEA Base Oil Price Report

Lube Report BOR EMEA - March 14, 2023

The economy is a growing concern for base oil markets throughout Europe, the Middle East and Africa as the stubbornness ...