Base Stocks

EU Group II Imports Stay Below Quota

EU Group II Imports Stay Below Quota

Lube Report EMEA - July 5, 2020

By a slender margin, base oil traders stayed within the half-year 200,000 metric ton quota on API Group II imports into ...

Fergana Upgrade on Track for 2023

Fergana Upgrade on Track for 2023

Lube Report EMEA - June 28, 2020

A joint venture between Uzbekneftegaz and Russian energy giant Gazprom says it is moving forward with a previously annou ...

Turkish Refinery Set to Reopen

Turkish Refinery Set to Reopen

Lube Report EMEA - June 8, 2020

Turkey’s only base oil plant is likely to resume production once Tupras restarts its Izmir refinery on July 1. Operati ...

Ukraine Duty Draws Criticism

Ukraine Duty Draws Criticism

Lube Report EMEA - June 8, 2020

Ukraine lubricant companies contended last week that they are facing a serious financial crisis because of a new base oi ...

Additive

U.S. Lifts Sanctions on Nynas

Lube Report EMEA - May 18, 2020

Nynas AB announced May 12 that Petroleos de Venezuela S.A. sold a 35 percent stake in the company and that the United St ...

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Venezuelan Plan: Make Nynas Russian Unit

Lube Report EMEA - May 8, 2020

Officials in Venezuela’s embattled government have drafted a plan to restructure the country’s sacred national oil c ...

Recession Catches Middle East Refiners

Recession Catches Middle East Refiners

Lube Report EMEA - April 6, 2020

Global base oil markets are under intense pressure as the threat of a worldwide recession sinks demand for lubricants am ...

Virus Disrupts Russian Base Oil Exports

Virus Disrupts Russian Base Oil Exports

Lube Report EMEA - March 29, 2020

Base oil shipments coming from Russia and other members of the Commonwealth of Independent States are facing logistical ...

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China Base Oil Trade Slammed by Virus

Lube Report EMEA - February 25, 2020

Chinese base oil and lubricants plants have closed, and trade flows are being constricted by the rapidly spreading coron ...

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Coronavirus Upends Base Oil Demand

Lube Report EMEA - February 18, 2020

Base oil refiners in the Middle East face a slowdown in business from China, following the outbreak of the deadly corona ...

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Iran Gets Creative with Base Oil Exports

Lube Report EMEA - February 11, 2020

United States sanctions have forced Iranian refiners to find alternative export channels for their API Group I base oil ...

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Midterm Review Unlikely for Group II Quota

Lube Report EMEA - February 4, 2020

It is unlikely that the European Commission will review the new duty-free API Group II base oil import quota that it ado ...

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Middle East Supply Glut Weighs on Base Oils

Lube Report EMEA - January 28, 2020

A dramatic increase in base oil availability from the Middle East is fueling a supply glut that could exceed 3 million m ...

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Middle East Trade Goes on Amid Tensions

Lube Report EMEA - January 14, 2020

Renewed fears arose of disruption to base oil supplies from the Middle East, following the United States killing on Jan. ...

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Nynas Files for Reorganization Protection

Lube Report EMEA - December 17, 2019

Nynas AB, one of the worlds largest suppliers of naphthenic base stocks, filed for reorganization protection in a Swedis ...

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Base Oil Quota Pressures European Market

Lube Report EMEA - December 10, 2019

Following the European Commissions adoption last month of a quota on duty-free API Group II base oil imports, industry s ...

Russian Base Oil Exports Stabilize

Russian Base Oil Exports Stabilize

Lube Report EMEA - December 10, 2019

Russian base oil export volumes are off an estimated 1 percent this year after a sharp 12 percent decline in 2018, an in ...