Base Oils Europe Transcript
The weekly ICIS report is an essential read for anyone involved in the base oils industry.
It is the market benchmark, which means it is used in contract and spot business negotiations.
This makes the report an integral part of the base oils market.
The report itself is split into various sections. We cover both domestic prices and export prices.
In the domestic section, we talk about group one base oils, traditionally produced in Europe. We also cover group three base oils, the kind increasingly being demanded for use in more sophisticated automotive lubricants.
On the export front, we cover trade from across Europe and business conducted in the Baltic Sea and Black Sea.
Detailed analysis is provided, commentary on upstream and downstream developments, as well as cross-regional connections, courtesy of ICIS’s global reporting team. We gather the information by speaking to buyers, sellers, producers, distributors, traders, lubricant blenders and industrial users.
This gives us a rounded view of the market. Anyone who is in involved in the market uses the report as a benchmark. They have to know what is going on, and in order to do so, they read the ICIS report.