Base Oil Price Report

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ConocoPhillips reduced the price of each of its four Group III offerings by 10 cents per gallon effective last Friday, in line with the recent Group III price cuts by South Korean refiner SK. ConocoPhillips is the exclusive marketer and distributor of South Korean refiner S-Oil’s Group III base oils in the United States under an agreement reached in 2003.

Repairs continue on a hydrocracker unit knocked out by an explosion and fire Dec. 14 at Imperial Oils Sarnia refinery in Ontario. The 18,000 barrel per day hydrocracker produces components for lubricant base stock, along with gasoline and diesel fuel.

Repairs are proceeding on schedule, Imperial Oil spokesman Pius Rolheiser told Lube Report. We hope to have it up and running within the first half of this year. In December, Rolheiser had explained the hydrocracker was the only unit affected and that lube trains were not impacted.

The Sarnia refinery is a 121,000 b/d refinery. Its paraffinic base oil capacity includes 2,800 b/d of Group I and 3,800 b/d of Group II.

Crude closed at $60.32 per barrel yesterday on the New York Mercantile Exchange, according to Bloomberg. That was $1.47 above the price a week ago.

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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