Sources said that contract shipments were suffering delays, and that there would likely be no spot volumes available for months. Base Oil Price Report - March 10, 2021) This year is shaping up to be one like we have not seen in decades. Lubes’n’Greases Publications shall not be liable for commercial decisions based on the contents of this report. In this report, 2015 is considered as the base year and forecast period is 2016 ... in petroleum oils. All Rights reserved. (Lubes’n’Greases–U.S. Historic and current base oil pricing data … : Super Lube® Oil . Motiva increased its API Group III posted prices this week, completing a round of hikes that started on April 26 with Phillips 66 implementing a price increase on its Group II+ and Group III base oils. Lube Report Lube Report is Lubes’n’Greases newsletter delivered via email and online. “The turnaround schedule was extended approximately one week due to COVID-19 precautions and increased scope of work. Lubes’n’Greases Publications shall not be liable for commercial decisions based on the contents of this report. Historic and current base oil pricing data are available for purchase in Excel format. Aside from ongoing maintenance shutdowns and unplanned extensions to recent turnarounds at base oil facilities, the shutdown of the Colonial Pipeline over the weekend was expected to cause feedstock supply disruptions and affect base oil production. At that time, a number of base oil plants and petrochemical plants had suffered unexpected outages caused by freezing temperatures in Texas and several other states. 2005. The company announced that it had lifted the force majeure on April 8. Historic and current base oil pricing data are available for purchase in Excel format. The oxidation stability of these greases are very high, even better than commercial mineral-oil based greases, while friction and wear properties are at par with commercial greases. The company hoped to manage product inventories so as to minimize supply disruptions during the turnaround period and startup. The producer’s Group II grades were not adjusted at this time. | Publisher of the Lubes 'n' Greases family of lubricant industry publications. There was also talk about a possible price adjustment in downstream finished lubricants, greases and additives segments on the back of rising base oil prices. “During this planned maintenance event, the company implemented several reliability projects to improve security of supply to customers,” the company explained. This report provides strategists, marketers and senior management with the critical information they need to assess the global asphalt, lubricating oil and grease market as it emerges from the COVID … You consent to our cookies if you continue to use this website. Other paraffinic producers increased posted prices by 15 cents/gal, 30 cents/gal and 40 cents/gal, depending on the viscosity and the producer. Temporary idling production on the two CDUs reduces production at the Motiva refinery by 45%. | Privacy & Cookies | Terms & Conditions. base oil used in their formulation. thenic base oils. Bright stock and Group II+ and Group III cuts were adjusted up by 40 cents/gal. A majority of manufacturers announced increases between 3% and 15%, to be implemented in late April and May. This report analyzes the worldwide markets for Lubricating Oils and Greases in Million Gallons by the following Product Segments: Automotive Lubricants (Engine Oils & … A similar scenario was observed on the naphthenic side of the business, with the heavy grades described as very snug. Other base oil producers were dealing with the delayed resumption of output, following routine turnarounds. Base oils possess lubricating properties and makeup to 90% of the final lubricant product. U.S. producers who have continued to participate in the export market have focused on shipping product to India, Israel and Brazil, but Indian demand has weakened on uncertainties related to an alarming flare-up in coronavirus infections, forcing sellers to look for opportunities in other destinations. Lubes’n’Greases has been THE monthly magazine for the global lubricants and greases industry for over 25 years.It contains news, features and informed opinion and is trusted by subscribers to ensure they stay on top of the key trends impacting the industry. Impacts (N/A) Publications. Most paraffinic producers had also implemented markups at that time, and no fresh initiatives surfaced this week. Keep up to date with the global lubricants industry every week. On Tuesday, April 13, May WTI futures settled at $60.18 per barrel on the CME/Nymex, and had closed at $59.33/bbl on April 6. Both producers were heard to have lifted these measures as their plants were running well, according to sources, but this could not be confirmed with the producers directly. Among the majors, it was heard that Chevron had communicated a general price increase of branded lubricant products – excluding coolants and fuel additives – of up to 12%, with the increases going into effect on May 17. Last Sunday, Motiva shut down two of its three crude distillation units and a reformer at its Port Arthur, Texas, refinery, along with the lube oil hydrocracker because of the Colonial Pipeline outage, according to a Reuters report. The company explained that the adjustments were prompted by changing market conditions including heightened demand and short supply, as well as increased production costs. Sharma, B.K., Adhvaryu, A., Perez, J.M., Erhan, S.Z. 4393856-CH01 Date: November 26, 2018 Page 1 of 5 “This ... Super Lube® Oil – Model No. As a result, availability of Group I grades, and bright stock in particular, was not expected to improve until June or July. Light Louisiana Sweet crude wholesale spot prices were hovering at $66.92/bbl on May 10 and had closed at $66.36/bbl on May 3, according to the Energy Information Administration. The pipeline carries 2.5 million barrels a day, or 45% of the East Coast’s supply of diesel, gasoline and jet fuel. A U.S. supplier was understood to have offered light grades to Mexico, a market that is struggling to get a hold of base oil shipments, particularly mid-viscosity and heavy grades. Brent futures for July delivery settled at $68.55/bbl on the CME on May 11, from $68.88/bbl on May 4. The tight base oil supply situation was not expected to see any relief soon. Production had already suffered a setback following a winter storm in mid-February that had forced the producer to shut down operations. San Joaquin Refining joined the group of naphthenic base oil producers who announced increases at the end of March. Posted Paraffinic Base Oil Prices. Brent futures for June delivery settled at $63.67/bbl on the CME on April 13, from $62.74/bbl on April 6. DUBLIN--(BUSINESS WIRE)--The "Asphalt, Lubricating Oil and Grease Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. A majority of manufacturers announced increases between 3% and 15%, to be implemented in late April and May. Archived issues of the old Lube Report can be accessed here. Futures Market Near for Lithium Hydroxide. Ongoing operating rate reductions at various refineries, planned and unplanned shutdowns since the third quarter of 2020, and healthy demand have all contributed to a tightening of supply of most base oil grades. 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