North America

U.S. Base Oil Price Report

November 15, 2023

Lengthening supply and softening demand were some of the concerns that base oil suppliers were facing as the year-end holidays approached and business ...

Valvoline reported higher operating income and sales, and Calumet reported a large increase in net income, while Cosan’s Moove had lower net profit ...

Ingevity announced last week that it will close by mid-2024 its Deridder, Louisiana, processing plant, which produces crude tall oil fatty acid produc ...

U.S. Base Oil Price Report

November 8, 2023

Unexpected production hiccups and scheduled turnarounds have helped keep the United States base oils market fairly balanced at a time when demand has ...

Base oil exports from the United States surged 52%, while base oil imports into the country dropped by 31% in August, compared to the same month last ...

Which factors stunted base oil production in the United States during the first half of this year?

U.S. Base Oil Price Report

November 1, 2023

While there were ongoing concerns about crude oil price volatility, the possibility that the base oils market would become oversupplied before the end ...

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 ...

U.S. Base Oil Price Report

October 25, 2023

Market players remained vigilant of crude oil and feedstock prices, as these were the factors most likely to influence base oil pricing in coming week ...

At least some lubricant manufacturers in Mexico were said to be scrambling with disruptions in base oil deliveries after the nation’s president impo ...

California Governor Gavin Newsom finally signed into law a first-in-nation bill that requires large U.S. corporations to disclose their carbon emissio ...

Afton Chemical reported a 68% jump in operating profit despite a 4% decline in sales for the quarter ending Sept. 30, as lubricant additive shipments ...

U.S. Base Oil Price Report

October 18, 2023

Largely balanced supply and demand conditions offered support to current base oil postings in the United States, but recent volatility in crude oil an ...

The U.S. Supreme Court last week decided against reviewing a lawsuit first by the Minnesota Auto Dealers Association challenging the state’s adoptio ...

Martin Midstream Partners reported higher operating income and lower sales revenue for its specialty products business segment – which includes lubr ...

North America’s finished lubricant demand is projected to grow at a compound annual rate of 0.8% out to 2032, held back by shrinking consumer demand ...

The United States exported 22% less base oil in July – as shipments to Colombia and Brazil plummeted – and imported 21% less, according to data re ...

U.S. Base Oil Price Report

October 11, 2023

Base oil market participants were keeping a close eye on crude oil futures, as values jumped early this week after deadly attacks on several Israeli t ...

U.S. Base Oil Price Report

October 4, 2023

Following the implementation of posted price increases during the second half of September, price action within the base oils market has turned quiet ...

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