PODCAST: US base oils face upwards pressure despite weakening demand
Amanda Hay
18-Aug-2020
HOUSTON (ICIS)–Vacuum gas oil (VGO) prices continue to firm, tracking rising crude futures, and resulting in producers running on thin margins amid weakening demand.
Although a demand surge was seen in the summer due to hurricane preparations and tank refilling, many expect this to end come October. Meanwhile, export demand is strengthening into Brazil and India.
Base oil markets expert Amanda Hay discusses the current situation and more in this week’s America’s podcast interview by Anna Matherne and Alex Snodgrass.
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