Home April 1, 2020

April 1, 2020

Volume 3 Issue 14

Coronavirus Ravages Refinery Runs

The Covid-19 outbreak is proving to be the most disruptive event for the base oils and refining industry since the Great Recession of 2008, causing refiners to cut back on production or temporarily shutter operations altogether, sources tell Lube Report.

Planning for Disruptions on the River

Fog and floods are regular disruptors to barges carrying base oils on rivers. Suppliers and buyers can take steps to minimize impacts, though not to escape them completely.

Blenders Allowed to Remain Open

The Independent Lubricant Manufacturers Association is reaching out to members and governments to inform them that lube blenders are considered essential or life-sustaining and may continue physical operations under stay-at-home orders issued to contain the coronavirus pandemic.

Briefly Noted

Irving Oil retooled its Saint John, Canada, lubricant blending facility to add hand sanitizer to its production line, the company announced this week.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

Market participants continued to monitor developments related to the devastating advance of the coronavirus pandemic. The outbreak has spawned a grim global economic outlook, the collapse of crude oil values, and hefty base oil price decreases, with Paulsboro, Avista Oil, Kleen Performance Products, Phillips 66 and Petro-Canada joining other producers in lowering posted prices this week.–by Gabriela Wheeler

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