Home Base Oil Report

Base Oil Report

U.S. Base Oil Price Report

A second wave of COVID-19 infections in the United States – more insidious and worrisome than the first one – is testing participants’ confidence in the base oils and lubricants market recovery, while the recent rise in feedstock values has prompted Cross Oil to communicate a price increase for its naphthenic base oils.–by Gabriela Wheeler

U.S. Base Oil Price Report

Calumet, Excel Paralubes, Phillips 66, HollyFrontier, Petro-Canada, Avista Oil, Safety-Kleen, Paulsboro and SK Americas joined the cadre of producers that announced posted price increases for paraffinic base oils last week.–by Gabriela Wheeler

U.S. Base Oil Price Report

Motiva stepped out with a base oil posted price increase this week, and was quickly followed with similar initiatives by Chevron and ExxonMobil on the back of tightening supply and climbing crude oil and feedstock prices.–by Gabriela Wheeler

U.S. Base Oil Price Report

Despite less than ideal market conditions as the U.S. economy has fallen into recession, protests demanding racial justice carry on, and the coronavirus outbreak continues to rage in many states, there is mounting evidence that base oil demand has started to improve.–by Gabriela Wheeler

U.S. Base Oil Price Report

Against the backdrop of a country roiled by protests and riots motivated by the tragic death of George Floyd, together with the ongoing effects of the coronavirus pandemic, the base oils market remained fairly subdued, but preliminary signs of improved demand started to emerge.–by Gabriela Wheeler

U.S. Base Oil Price Report

Lingering Covid-19-related issues and the Memorial Day holiday resulted in a fairly subdued domestic base oils market, but participants clung to hopes that activity would improve as businesses across the United States reopened, more people took to the road, and factories resumed production.–by Gabriela Wheeler

U.S. Base Oil Price Report

There were signs that base oil demand had started to improve in the domestic market as coronavirus-related lockdown measures have been relaxed in most states, but the Mexican market, which typically absorbs United States surplus material, showed negligible buying appetite.–by Gabriela Wheeler

U.S. Base Oil Price Report

The gradual lifting of Covid-19 lockdowns and phased reopening of businesses in several states have put the base oils market back in motion, although an increase in activity may not be discernible right away.–by Gabriela Wheeler

U.S. Base Oil Price Report

As some U.S. states prepared to ease Covid-19 related restrictions, participants were looking forward to the gradual reopening of business, as most segments of the base oils and lubricants industry have been dramatically affected by the lockdown measures. At the same time, players acknowledged that it may take a long time to get back to pre-pandemic activity levels.–by Gabriela Wheeler

U.S. Base Oil Price Report

With base oil business and demand still thwarted by lockdowns and movement restrictions related to the Covid-19 pandemic, and crude oil prices hovering at historic lows, it was not surprising to see a fresh round of price decreases emerge on the naphthenic side of the market.–by Gabriela Wheeler