Rising API Group I and Group II prices throughout the EMEA markets have stabilized at last weeks levels. Group l supplies from mainland suppliers are still tight, with Baltic avails still not forthcoming.
Dated Brent levels have dipped to $101.30 per barrel for front month settlement, with ICE gas oil futures at $898 per metric ton. The decline has not affected base oils, perhaps suggesting that base oils react to crude and feedstock levels over a long term, but have their own agenda on short term.
Base Oil Pricing Report Base Stocks Market Topics Other