ExxonMobil, HollyFrontier, PetroCanada, Avista Oil, Paulsboro and SK will be increasing prices on the heels of similar movements initiated by a number of paraffinic base oil producers a week ago. Calumet will be lifting the price of its API Group I bright stock this week as well. –by Gabriela Wheeler
LNG Publishing Company
Editor, Base Oils
Gabriela Wheeler graduated with an MA in English from California Polytechnic State University in San Luis Obispo. She joined LNG in May 2013 as the editor of the U.S. and Asia base oil price reports, after holding editorial positions at Bobbin Blenheim, Burson Marsteller, and ICIS, where she was responsible for price reporting on several petrochemical markets, as well as base oils.
Wheeler has previously resided in Japan, Argentina, Poland and the Dominican Republic.
The base oil market in Asia remained disappointingly slow, despite earlier expectations of a pick-up in demand ahead of the Lunar New Year holidays starting next week. –by Gabriela Wheeler
After almost eight months of unchanged postings, Motiva stepped out with an increase for its API Group II and III posted prices this week, followed closely by Chevron, Excel Paralubes and Calumet. –by Gabriela Wheeler
The first week of 2020 saw few fresh developments in the United States base oil market, largely mimicking the steady conditions observed over the last several months. –by Gabriela Wheeler
Market players returned to business this week to find tumultuous conditions in the crude oil and feedstocks segment as tensions between the United States and Iran have flared up, following the death of a top Iranian military leader. –by Gabriela Wheeler
Base oil producers dream of a utopian market in which they can sell all the product they can make at high margins. Which players are closest to reaching this ideal?
Gabriela Wheeler discusses the stability of the market as 2019 came to a close.
Gabriela Wheeler is away. Her column will reappear in the Jan. 3 edition of Lube Report Asia.
New Year’s celebrations and the absence of many players brought about a muted trading scene and offered a respite to those who have been anxiously watching market developments over the past few months. –by Gabriela Wheeler
There were few fireworks to mark the start of the new year in the U.S. base oils market, as many participants were away during the year-end holidays and prices showed steady behavior. –by Gabriela Wheeler
As the year comes to an end, oversupply and soft demand continued to afflict the base oils market in Asia. While these fundamentals exerted downward pressure on pricing, spot indications remained fairly stable, partly due to efforts by suppliers to hold on to current indications and partially because of climbing crude oil prices. –by Gabriela Wheeler
Gabriela Wheeler is away. Her column will reappear in the Jan. 1 edition of Lube Report Americas.
With the approach of the holidays, activity in the base oils market has started to wind down, with suppliers and buyers appearing more satisfied with current market conditions than previously expected. –by Gabriela Wheeler
Softening demand against abundant supply continued to weigh on base oil prices in Asia, but an upturn in crude oil values offset some of the downward pressure. –by Gabriela Wheeler
The consensus at the ICIS Pan American Base Oils & Lubricants Conference in Jersey City, New Jersey, last week was that base oil supply was still abundant in the United States, but inventories were more manageable than expected for this time of the year when demand tends to decline. –by Gabriela Wheeler