Paraffinic Group I

The base oil supply and demand landscape has changed significantly in recent years, with global capacity for API Group I base stocks decreasing signif ...

Brazil’s base oil market may have had a down year in 2022, but it’s off to a healthy start in 2023, as domestic production and imports both rose y ...

South Korea’s GS Caltex reported increased operating profit for its base oil and lubricants business in the fourth quarter, and operating profit for ...

Group I capacity has been dwindling for years and is expected to continue on a downhill slide. Is bright stock facing a similar fate?

Base oil production in the United States continues on the path to recovery, but the import and export scene has been slightly altered by geopolitical ...

Brazil has sold off two of its three major base oil plants. What might this mean for base oil production and overall market dynamics in the country?

Base Oil Report: Pricing

October 31, 2022

Posted base oil prices seemed to settle into a more typical pattern this fall, but has the market returned to normality yet?

Eneos Closes Group I Plant

October 28, 2022

Eneos Corp. closed the API Group I base oil plant at its Negishi refinery near Tokyo this month, part of a decision to permanently close most of the r ...

Base Oil Report: Pricing

October 3, 2022

Base oil pricing dynamics cooled off a bit in September. Gabriela Wheeler explains which factors helped to steady the market.

Base oil production in the United States declined 8% in June, compared to the same month last year, according to data released by a government agency. ...

Base Oil Report: Pricing

August 1, 2022

Crude oil and feedstock prices remain volatile, and the summer months have ushered in yet another round of base oil price increases.

Gabriela Wheeler explains some of the most prevalent factors contributing to the current—and confusing—base oil pricing dynamics.

Brazil’s production of base oil – mostly API Group I – dropped 15% in February, and imports were down by more than two-thirds, according to data ...

Luberef, a base oil joint venture of Saudi Aramco, is considering an initial public stock offering that would aim to raise more than $1 billion, Bloom ...

Bright stock supply is tight. Fortunately, OCP and PIB can be used to replace the scarce base stock in grease applications.

The South African base oil market will become completely import-dependent from March when Sapref – the joint venture between BP and Shell – halts ...

As the Pendulum Swings

February 1, 2022

The COVID-19 pandemic led to sharp changes in base oil pricing and margins. Will the market settle into a new post-pandemic norm, and what might that ...

Eneos Corp., said this week that it will close its refinery in Wakayama, Japan – which includes a base oil plant – by 2023. Combined with previous ...

Base oil production in Brazil in October was more than 20% higher than in the same month last year, the third consecutive month that year-over-year to ...

Base Oil Report: Pricing

December 1, 2021

The Winds of Change After several months of fairly tumultuous and heated market conditions—with monthly posted price adjustments and product shor ...