Volume 3 Issue 50
U.S. Base Oils Continue to Recover
December 9, 2020Base oil output in the United States was 11% lower than the running five-year average for that month, the industry's best performance since the COVID-19 pandemic battered the global economy.
Base Oil Prices Rode Rollercoaster in 2020
December 9, 2020Base oil supply in the United States has been down throughout most of 2020 thanks to the COVID-19 pandemic, but prices have fallen and risen due to shifts in the balance with demand.
Biofuels Hog Tall Oil Supply
December 9, 2020A recent study forecasts an 8% supply deficit for crude tall oil for all applications by 2030 because of high demand for its use in transportation-related biofuels.
From Other Editions of Lube Report
December 9, 2020Middle East Oil Slammed by Pandemic
Briefly Noted
December 9, 2020Valvoline Inc. signed a definitive agreement with Car Wash Partners Inc. to purchase 27 Mister Oil Change Express locations in seven states and will rebrand them as Valvoline Instant Oil Change centers. Financial terms were not disclosed for the acquisition, which is expected to close before the end of this year.