Trading was light this week, and there were no reports of price changes as many buyers and sellers headed to London for the ICIS World Base Oils & Lubricants Conference.
Avista Oil scheduled a turnaround at its rerefinery in Peachtree City, Georgia, starting Feb. 27, and lasting one week. The rerefinery is scheduled to be back in operation on March 6.
The rerefinery has 1,200 barrels per day of API Group II and 400 b/d of Group III production capacity.
West Texas Intermediate crude oil futures on the CME/Nymex settled at $53.20 per barrel on Feb. 14, up $1.03 per bbl from the Feb. 7 settlement of $52.17 per bbl.
Light Louisiana Sweet wholesale spot prices closed at $52.93 per barrel on Feb. 13, down $1.88 per bbl from $54.81 on Feb. 6, according to data from the U.S. Energy Information Administration.
Brent was trading at $55.97 per bbl on the CME on Feb. 14, up 92 cents per bbl from $55.05 per bbl on Feb. 7.
Gabriela Wheeler is away, and her column will return in next weeks issue.
Historic U.S. posted base oil prices and WTI and Brent crude spot prices are available for purchase in Excel format.