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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.
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Updated to Q4 2017
The Americas base oil market was dominated by tight supply conditions across the fourth quarter. A series of turnarounds and a major downtime at a plant in Qatar shifted US Gulf coast production into exports and moved the domestic market into an extended period of tight supply. When Hurricane Harvey hit the US Gulf coast in late August, any anticipated inventory recovery from earlier short supply, retreated. Between snarled logistics and a push to get units running properly, Gulf coast producers recovered quickly but supply remained an issue. By late December, base oil producers were able to begin to refresh inventories and normalise supply resources.
Base oil demand in the Americas remained healthy, with the fourth-quarter seeing more robust demand than is typical for that quarter, fostered largely by hurricane recovery processes. Demand for Group II was strong as that grade's base stock is now the main choice for passenger motor car oils (PCMO), while Group I continues to serve oils for agriculture and power generation lubricant needs. During 2017, it became increasingly clear that the need for Group III base oils is on the upswing and expected to continue to rise going forward, driven by new engine designs and regulatory stipulations.
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. 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.