Base oils-Lubes Prices, markets & analysis
Use the independent price assessments and market coverage in our price reports to track the regional Base oils-Lubes market.
Our information is gathered by locally based reporters, giving unrivalled coverage of regional markets.
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Base Oil US Transcript
The US Base Oils report has been used as an industry benchmark for about 10 years.
The report covers paraffinic prices, posted prices for group 1, group 2, group 2+, group 3, group 3+ and Naphthenics.
We get information from polling the market. It is a weekly report. The report has also got spot prices for light and heavy neutral grades. It also carries feed stock information for natural gas oils and fuel oils.
It’s used in the market to access information for buyers, sellers and traders on a routine basis. The information is polled from the market and is used by the market. |
The report is widely read, it is used to benchmark both contract pricing and spot pricing. The participants in the market frequently trade information with ICIS, it is considered trustworthy access for the Base Oils market on a global basis and is also competitive to any of the other reports covering the same market, it has a wider reach than a number of those.
Base oils-Lubes news and market information products from ICIS
We offer the following regional Base oils-Lubes coverage to keep you informed of factors and developments affecting prices in the US Base oils-Lubes marketplace.
Price Reporting – More information about the price reports we publish on Base oils-Lubes
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Base oils-Lubes
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q3 2014
US base oil prices decreased in August, giving up gains on increases implemented in May and June.
ExxonMobil decreased its Group I light grade basestocks by 16 cents/gal on posted prices effective on 22 August, also taking down its heavy neutral 600 grade by 31 cents/gal and chopping other grades with similarly deep reductions.
Other Group I base oil producers brought posted prices down, with reductions ranging 10-31 cents/gal, depending upon the producer and with varied effective dates also depending upon the producer.
Group II producers reduced posted prices as well in August, taking 7-25 cents/gal off across the grades, varying decrease amounts and effective dates by producer.
Group II+ and Group III posted prices fell by about the same amount as Group II.
Falling crude oil prices fostered lower feedstock vacuum gas oil costs amid steady demand factors in the
Chevron announced on 26 August that it would eliminate its West coast posted prices, replacing these with a fresh set of FOB US Gulf coast prices following the official commissioning of its new 25,000 bbl/day base oil unit at
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Base oils-Lubes.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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