Month: February 2022

EMEA Base Oil Price Report 22.02.22

The base oil industry, along with other petroleum product markets, entered into what may be considered, the “perfect storm.” This may be true in both a literal, and also a descriptive sense. Given that base oil markets were already constrained by refinery cutbacks due to the global Covid-19 pandemic, and the subsequent lack of feedstocks due to lower production of distillate fuels, the recent freezing weather in the U.S. has affected output and production from a number of critical refineries, many of which were producing base oils. read more

EMEA Base Oil Price Report 09.02.22

Ongoing tensions over Russia’s military build-up on Ukraine’s borders continue to disrupt supply of goods and raw materials going into Ukraine, but local sources indicate that a number of lubricant blenders throughout the country are still obtaining base oils and additives and producing lubes to meet domestic requirements.

Of course no Russian export barrels are moving into the Ukrainian market at this time, although other sources in areas such as Iran, Saudi Arabia and Europe have offered to step up. read more