Paraffinic Group III

Base Oil Report

November 1, 2023

Despite posted price increases in September, there has been a sense of anxiety hanging over the base oil market during the fourth quarter.

United States base oil production jumped 18% in August, marking the first year-on-year increase in production volume since January. Total base oil out ...

Base oil production in the United States declined 7% in July – continuing a year-long trend – although naphthenic production sported a 5% increase ...

Base Oil Report

October 2, 2023

Several factors seemed to have helped keep the base oil supply overhang in check during the third quarter. Gabriela Wheeler explains what some of thos ...

Gazprom Neft’s new 220,000 metric tons per year Group II and III base oil production in Omsk is scheduled to start streaming by the end of September ...

Base Oil Report

September 6, 2023

After a rather slumberous spring and summer, activity in the base oil market has finally started to pick up.

Base oil production in the United States declined 9% in May, although the volume reached its highest in a month since last July, according to data rel ...

Chevron said Sunday that it began making 4 centiStoke API Group III base stocks this month at its refinery in Richmond, California – a facility that ...

Base Oil Report

July 20, 2023

Gabriela Wheeler outlines the major factors that have placed downward pressure on base oil prices this year.

Base Oil Report

June 14, 2023

The summer driving season usually ushers in increased base oil activity, but market dynamics this year have deviated from the norm.

Why has activity in the base oil market been unusually drowsy this year? Gabriela Wheeler explores the root causes.

Base Oil Report

May 1, 2023

Activity in the base oil market continues to be lethargic. Might a change be in store despite recent posted price decreases?

Base oil imports to China, which are mainly API Group III base oils and high-viscosity Group II, dropped 16% to 1.8 million metric tons in 2022, and t ...

API Group III base oil prices in the United States have stayed high while values for Group I and II oils dropped steeply from record levels in mid-202 ...

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

Luberef said Sunday that a previously announced expansion of its base oil plant in Yanbu’ al Bahr, Saudi Arabia, will increase capacity by 230,000 m ...

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth quarter, and operating profit for ...

An upgrade of a base oil plant in Fergana, Uzbekistan, is on track for completion by the beginning of 2024, with production scheduled to start later i ...

Handi Boosts Group III Output

February 10, 2023

Handi Sunshine Petrochemical has begun commercial production of API Group III base oils at its expanded base oil plant in Hainan province, China. The ...

China will produce a quarter less base oil this year than it did in 2021, according to estimates by Longzhong Information Group. Output dropped partic ...