Base Oils Training Course Series II In-person

8:30 Registration and Refreshments

9:00 – 9:45 Refresher: Base Oils I Terminology & Technology

• Crude and base oil naming conventions
• Technology, key properties, and where they’re controlled
• API Groups: the detailed definitions

9:45 – 10:30 Volatility Requirements – Industry Game Changer

• The technical details of viscosity index (VI)
• Volatility: another base oil property to understand
• VI – Volatility – Viscosity relationships

10:30 – 10:45 BREAK / Open Forum

10:45 – 11:30 Global Quality Driver: Engine Oils

• Viscosity measurement under different conditions
• Putting it together: SAE J-300 Engine Oils
• Why engine oil quality matters to all other base oil sectors

11:30 – 12:30 Base Oil Pricing Mechanisms

• Fundamental mechanisms – what sets base oil price?
• Price ceilings: buyers (finished lubricants. process oils)
• Price floors: sellers (base oil refiners & marketers)
• Fate of high-cost producers in oversupplied markets

12:30 – 13:30 LUNCH

13:30 – 14:30 Base Oil Refining Profitability

• Profit basics: revenue less expenses
• Fuels versus lubes: who pays for what?
• By-products from base oil plants
• Profitability exercise: Which API plant is most profitable?

14:30 – 15:00 Discussion: Results from Base Oil Profit Exercise

• Comparison of Group I, II, III profits
• Changes in profits based on crude and product pricing

15:00 – 15:15 BREAK / Open Forum

15:15 – 16:00 Supply & Demand Forecasting Methodology

• Current global supply and demand
• Recent capacity additions, more capacity announced
• Example: A simplified 2030 base oil forecast

16:00 – 17:00 Future Trends: Survival of the Fittest

• Unintended consequences from hydroprocessing
• Re-refined, bio-based, and Group V synthetic base oils
• Keys for industry survival in an oversupplied world

17:00 End of Base Oils II programme