Base Oil Price Report

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Thanks to a leaky tank, one of ExxonMobils middle-viscosity Group I base oils is no longer available at its plant in Beaumont, Texas, market sources said this week. The product is still produced at the companys Baton Rouge, La., plant, but that facility has fewer transportation options.

An ExxonMobil spokeswoman indicated she was unfamiliar with conditions at the plant and was not able to obtain information yesterday afternoon.

Customers said the company disclosed the tank problem within the past few weeks. The tank has been used to store a 330 neutral oil, which has been blended on-site or transported from Baton Rouge. The company reportedly has decided not to repair the leak, and the product is no longer available at Beaumont.

Sources said the development creates logistical problems for some customers because Baton Rouge is accessible by barges but not by shipping vessels, which do have access to Beaumont.

Posted prices for paraffinic base oils in the United States were unchanged again this week. The price of crude oil on the New York Mercantile Exchange closed yesterday at $71.26 per barrel, according to Bloomberg. That was $1.61 higher than a week earlier.

Historic U.S. posted base oil prices and WTI and Brent crude spot prices are available for purchase in Excel format.

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