Russian sanctions: impacts on US base oils supply and prices

Overview

Russian invasion of Ukraine and associated sanctions on oil and gas, as well as the threat of a global macroeconomic crisis, continue to loom over the base oils market. Lack of supply of Russian base oils plus a more significant driver – lack of gasoil – will result in many refiners prioritising gasoil production over base oils production to meet strong distillate demand. Tight markets are likely to persist in 2023.

Read the latest analysis of the US base oils market to find out the likely scenarios for markets in 2023.

Please complete the form to access the download.

    We want to keep you up-to-date with what’s happening at ICIS* and tell you about our latest products and other services. We may email you about information we think you’ll be interested in, including selected articles and reminders about forthcoming events. If you do not wish to receive such information please tick the box to opt out of these emails

    Speak with ICIS

    If you want to find out how our decision-making tools can help you navigate market shifts, contact us today. Simply fill in your details, submit the form and a member of our team will get in touch with you.

    Need Help?

    Need Help?