Base Stocks

Additive

Weekly Asia Base Oil Price Report

May 17, 2024

Availability of a few base oil grades has tightened in Asia, catapulting prices to higher levels, while other cuts seem ...

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Weekly U.S. Base Oil Price Report

May 15, 2024

Base oil demand has shown a healthy uptick over the last two weeks, as blenders bolster inventories for the summer drivi ...

Calumet Reports Drop in Sales

Calumet Reports Drop in Sales

May 15, 2024

Calumet Specialty Products Partners L.P. reported decreased base oil and process oil sales revenue for the quarter ended ...


U.S. Imports & Exports of Base Oils

(in thousands of barrels)

Month Imports Exports
Feb 2024 952 3,674
Jan 2024 1,349 3,711
Dec 2023 1,491 4,330
Nov 2023 1,314 4,153
Oct 2023 1,297 3,167
Sep 2023 1,167 3,454
Aug 2023 1,182 3,325
Jul 2023 1,360 3,616
Jun 2023 1,350 3,242
May 2023 1,488 4,088
Apr 2023 1,625 3,168
Mar 2023 1,345 4,095

Source: U.S. Energy Information Admin

U.S. Refinery Base Oil Production

(in thousands of barrels)

Month Paraffinic Naphthenic
Feb 2024 4,112 742
Jan 2024 3,968 535
Dec 2023 4,280 754
Nov 2023 3,632 656
Oct 2023 3,712 691
Sep 2023 3,692 779
Aug 2023 4,168 611
Jul 2023 4,003 767
Jun 2023 3,522 672
May 2023 4,275 783
Apr 2023 3,858 789
Mar 2023 3,277 664

Source: U.S. Energy Information Admin


Additive

Weekly EMEA Base Oil Price Report

May 14, 2024

The conflicts in Ukraine and Gaza continue to grab the headlines, with Russia making advances into Ukraine territory and ...

Drone Damages Volgograd Refinery

Drone Damages Volgograd Refinery

May 14, 2024

Lukoil’s refinery in Volgograd, Russia, was struck again Sunday by a drone attack that caused a fire and reportedly da ...

Shell Sells Singapore Refining Complex

Shell Sells Singapore Refining Complex

May 10, 2024

A joint venture led by Indonesian chemical company Chandra Asri has agreed to buy Shell’s fuels and petrochemical refi ...

Indonesia Simplifies Import of Base Stocks

Indonesia Simplifies Import of Base Stocks

May 10, 2024

Indonesia has streamlined its import requirements for lubricant base stocks, which may boost the government’s call for ...

Profits Decline for GS Caltex, Thai Oil

Profits Decline for GS Caltex, Thai Oil

May 10, 2024

South Korea’s GS Caltex’s base oils and lubricants division reported a small decrease in operating profit for the fi ...

Additive

Weekly Asia Base Oil Price Report

May 10, 2024

Trading in some base oil segments was brisk, but some corners of the market have started to slow down, perhaps because c ...

Additive

Weekly U.S. Base Oil Price Report

May 8, 2024

Additional posted price decreases emerged within the Group II+ and API Group III categories during the week. SK Enmove a ...

U.S. Base Oil Exports Jump

U.S. Base Oil Exports Jump

May 8, 2024

United States base oil exports jumped by 60% in February, while base oil imports fell 34%, according to data released by ...

Safety-Kleen Acquires Noble Oil

Safety-Kleen Acquires Noble Oil

May 8, 2024

Safety-Kleen Systems acquired Noble Oil Recycling, which collects used oil in the Eastern United States and has a North ...

Valvoline, Quaker Chemical Profits Rise

Valvoline, Quaker Chemical Profits Rise

May 8, 2024

Valvoline Inc. reported higher revenue and a quarter bump in increases in operating income for the three months ended Ma ...

Additive

Weekly EMEA Base Oil Price Report

May 7, 2024

Geopolitical events have fundamental effects on energy prices, and ultimately the prices applied to petroleum products s ...

Lukoil Lube, Base Oil Production Falls

Lukoil Lube, Base Oil Production Falls

May 7, 2024

Lukoil’s base oil and finished lubricant production both fell significantly in 2023, impacted by  a decline in marine ...

Profits Down for SK Enmove, S-Oil

Profits Down for SK Enmove, S-Oil

May 3, 2024

The base oil and finished lubricant businesses of SK Enmove and S-Oil both reported declines in profits for the quarter ...

Additive

Weekly Asia Base Oil Price Report

May 3, 2024

Supply and demand fundamentals in several base oil segments were balanced-to-tight, allowing for prices to remain on a s ...