LNG Publishing Company

Ray Masson

Ray Masson

Contributing Columnist

Ray Masson is director of Pumacrown Ltd., a trader and broker of petroleum products in London, U.K. 

You can reach him directly at pumacrown@email.com.

Recent Articles

EMEA Base Oil Price Report

API Group I prices are stabilizing across Europe, the Middle East and Africa due to an uptick in demand and less availability of material. Meanwhile Group II values in Europe have fallen and Group IIIs are under pressure because of imports of unapproved grades and aggressive pricing for new Group II output within the region. –by Ray Masson

EMEA Base Oil Price Report

Base oil demand in Europe, the Middle East and Africa finally showed signs of taking off as a number of API Group I producers reported no longer having stocks in tank that needed to be moved out. –by Ray Masson

EMEA Base Oil Price Report

European, Middle Eastern and African base oil prices have been sliding lower for varying reasons during the past week, depending on where and which type and grade of base stock is being considered. –by Ray Masson

EMEA Base Oil Price Report

Quite a bit of news emerged from an industry conference in London last week, from ExxonMobil’s announcement that commercial operation began at its API Group II plant in Rotterdam to Saudi Aramco’s appointment of a Far Eastern producer to handle its sales and marketing of all base oils in Europe and Asia. –by Ray Masson

EMEA Base Oil Price Report

Base oil prices continue to slide, with demand rated as poor and no sign of positives that might lift an otherwise dull market. The annual upswing in demand that normally precedes driving season has not yet materialized. –by Ray Masson

EMEA Base Oil Price Report

Base oil trading across Europe, the Middle East and Africa was subdued the past week. All grades appeared flush and in some areas downright over-supplied, and demand was generally slow, though there continues to be strong draw for API Group II and oils carrying full slates of finished lubricant approvals. –by Ray Masson

EMEA Base Oil Price Report

Base oil prices throughout all regions continue to weaken amid poor demand and plentiful supplies of all grades. New capacity is only exacerbating the situation. –by Ray Masson

EMEA Base Oil Price Report

Base oil prices are coming under extensive downward pricing pressure throughout Europe, the Middle East and Africa as stored stock levels rise in the face of weaker-than-expected demand. –by Ray Masson

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and Africa are moving across the board toward potential oversupply, mimicking global markets that are following the same trend. –by Ray Masson

EMEA Base Oil Price Report

Faltering demand, increasing availabilities, and a directional move toward oversupply of all types of base oils is leading to across-the-board price erosion throughout Europe, the Middle East and Africa. –by Ray Masson

EMEA Base Oil Price Report

Trading has remained slow as many buyers and sellers only returned to their desks this week. The API Group I segment appears to have tightened as fewer availabilities are being offered for large export sales from Europe while prices have firmed since the end of last year. –by Ray Masson

EMEA Base Oil Price Report

The sun has set on an eventful year for base oil markets in Europe, the Middle East and Africa, and 2019 opens with a significantly different outlook. –by Ray Masson

EMEA Base Oil Price Report

With operations winding down and sellers and buyers preparing to take leave, base oil markets throughout Europe, the Middle East and Africa are reaching their nadir and probably will not restart until the week of January 7. –by Ray Masson

EMEA Base Oil Price Report

Base oil markets are entering the seasonal run-down period, when most lubricant blenders close their doors or shorten operating hours. In either case, purchases of significant quantities of base oils becomes a secondary task. –by Ray Masson

EMEA Base Oil Price Report

Base oil trading in Europe, the Middle East and Africa is slowing down ahead of the year’s end and the holiday season, as many operators are planning a two-week break from production. –by Ray Masson