Paraffinic Group III

Base Oil Report: Pricing

Base Oil Report: Pricing

May 26, 2023

Why has activity in the base oil market been unusually drowsy this year? Gabriela Wheeler explores the root causes.

Base Oil Report

Base Oil Report

May 1, 2023

Activity in the base oil market continues to be lethargic. Might a change be in store despite recent posted price decrea ...

Additive

China Base Oil Imports Expected to Stay Down

April 7, 2023

Base oil imports to China, which are mainly API Group III base oils and high-viscosity Group II, dropped 16% to 1.8 mill ...

Additive

Change in Pricing Pressure Seen for U.S. Base Oils

March 29, 2023

API Group III base oil prices in the United States have stayed high while values for Group I and II oils dropped steeply ...

Additive

Group I Plants Closing, Groups II and III Growing

March 24, 2023

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

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Luberef Expansion Will Add 230,000 T/y

February 28, 2023

Luberef said Sunday that a previously announced expansion of its base oil plant in Yanbu’ al Bahr, Saudi Arabia, will ...

Profits Down for GS Caltex, Thai Oil in 2022

Profits Down for GS Caltex, Thai Oil in 2022

February 17, 2023

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

Uzbek Base Oil Plant Progresses on Revamp

Uzbek Base Oil Plant Progresses on Revamp

February 14, 2023

An upgrade of a base oil plant in Fergana, Uzbekistan, is on track for completion by the beginning of 2024, with product ...

Additive

Handi Boosts Group III Output

February 10, 2023

Handi Sunshine Petrochemical has begun commercial production of API Group III base oils at its expanded base oil plant i ...

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China Base Oil Output Tanked in 2022

December 30, 2022

China will produce a quarter less base oil this year than it did in 2021, according to estimates by Longzhong Informatio ...

Gazprom Group II and III Plant Nearly Complete

Gazprom Group II and III Plant Nearly Complete

December 20, 2022

Gazpromneft-Lubricants’ new 220,000 metric tons per year API Group II and III base oil plant is almost completed, with ...

Is U.S. Base Oil Production a Global Affair?

Is U.S. Base Oil Production a Global Affair?

December 1, 2022

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

Luberef Plans IPO; Will Make Group III

Luberef Plans IPO; Will Make Group III

November 29, 2022

Luberef on Sunday announced plans for an initial public stock offering – which analysts estimated could raise U.S. $1 ...

Puraglobe Moves Forward on U.S. Rerefinery

Puraglobe Moves Forward on U.S. Rerefinery

November 9, 2022

Plans for a rerefinery in Tampa, Florida were on the books for so long, the industry could be forgiven for considering t ...

Base Oil Report: Pricing

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 ...

Base Oil Report: Pricing

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 ma ...

U.S. Base Oil Production Down in June

U.S. Base Oil Production Down in June

August 31, 2022

Base oil production in the United States declined 8% in June, compared to the same month last year, according to data re ...

Base Oil Report: Pricing

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 pric ...