Use the independent price assessments and market coverage in our price reports to track the regional Base oils-Lubes market.
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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
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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 Q1 2017
The first quarter of the US base oils market was marked by posted price increases that emerged at the very beginning of the year, with an ExxonMobil increase effective 1 January. Each of the Group I producers followed on the January increase and the effects of this cascaded into Groups II, II+ and III. Crude oil prices in the $50s/bbl supported the increases and provided stability for most of the quarter.
However, an outage at the Shell plant in Qatar shifted global base oils into short supply conditions for Group III material. Tightening supply conditions spread as several planned turnarounds along the US Gulf coast at the beginning of March led to snug inventories of light, mid and heavy viscosities of Group I and Group II material. This was exacerbated by strong exports during the quarter and supported a fresh round of posted increases during March.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Base oils-Lubes.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Base oils-Lubes. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Base oils-Lubes, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.