Base oil markets take a pause

Global base oil and lubricant markets are taking a pause after a recent period of high capacity growth and low demand growth. But there are bright spots, such as the move to Group III base oils and the demand that is spurring. Regional markets trends, technical developments and the impact of electric vehicles and the requirement for shipping to use low sulphur fuels on lubricant demand and formulations are all covered in two recent publication: ICIS Base Oils & Lubricants 2018 and ICIS base oils interactive – with video interviews from the recent ICIS World Base Oils & Lubricants conference in London.