Base Stocks

EMEA Base Oil Price Report

January 16, 2024

The main news topic this week is the escalation of attacks against merchant shipping in the Red Sea corridor, and retaliatory strikes against the Hout ...

Swedish lubricant maker Nynas to recycle transformer oil in a partnership with leading recycler Stena Recycling.

Asia Base Oil Price Report

January 12, 2024

A majority of base oil prices remained under downward pressure given plentiful supplies and sluggish demand, but some grades were tighter, supporting ...

U.S. Base Oil Price Report

January 10, 2024

With tensions in the Middle East mounting given Israel’s ongoing fight against Hamas in Gaza and growing Iranian involvement in hostilities, concern ...

The United States exported 31% more base oil in October, while the volume of base oil imported into the U.S. plummeted 41%, compared with the same mon ...

Petroleos de Venezuela S.A. and the owner of Refineria Isla have reached an agreement resolving a debt dispute and re-establishing commercial relation ...

EMEA Base Oil Price Report

January 9, 2024

European, Middle Eastern and African base oil markets are gradually returning to everyday business as players head back to desks following the winter ...

India’s total base oil production capacity is set to jump in the next few years due to expansions by state-owned oil companies, a Hindustan Petroleu ...

Asia Base Oil Price Report

January 5, 2024

While the base oils market entered the New Year on a fairly muted note, several unfortunate incidents took place around the world in the first few of ...

Base oil production in the United States was flat in October, with a 1% increase in paraffinic production offset by a 9% decline in naphthenic product ...

U.S. Base Oil Price Report

January 3, 2024

The first week of the new year ushered in fresh posted price decreases, with SK Enmove announcing that it would be lowering its Group II+ and API Grou ...

Monthly Base Oil Report

January 2, 2024

With the announcement of several posted price decreases, it is clear that the base oil market has been unable to escape the usual year-end doldrums.

Sean Nguyen of Pennzoil outlines some of the most prominent trends affecting automotive lubricants, including the uptake of synthetic formulations.

EMEA Base Oil Price Report

January 2, 2024

Base oil markets remain very quiet, but activity could pick up this week as many players come back into circulation. The exception is that anyone invo ...

Neste announced it will convert its Porvoo, Finland, crude oil refinery to process renewable feedstocks, but that change will not affect the site’s ...

Asia Base Oil Price Report

December 29, 2023

With just a couple of days left before 2023 draws to a close, markets in Asia were understandably quiet, particularly as the New Year’s festivities ...

Brazil refineries produced just 29,000 metric tons of base oil in November, 37% less than the same month of 2022 and the third consecutive month that ...

Brazil is expected to show sustained demand for API Group II and Group III base oils in the coming years, an industry executive said Dec. 1 during a p ...

U.S. Base Oil Price Report

December 27, 2023

Motiva and Petro-Canada communicated a posted price decrease on their Group II+ and API Group III postings, completing the price revisions that the co ...

EMEA Base Oil Price Report

December 26, 2023

As markets close for the festive season, and more and more players are missing from desks and offices, the major talking point in the base oil industr ...