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

As the industry prepares for the ICIS annual base oil conference in London, markets are still reeling from the coronavirus epidemic in China. There has been a far-reaching effect in other countries, and the extent and damage caused by the outbreak is incalculable. It may be some time before the industry recovers. – by Ray Masson

EMEA Base Oil Price Report

The coronavirus outbreak has paralyzed much of the Chinese economy, putting a dent in global demand for crude and petroleum products and causing energy prices to plunge. Given their traditional lag behind crude and feedstock prices, base stocks may still face downward pressure. – by Ray Masson

EMEA Base Oil Price Report

With falling fundamentals, the opportunity to raise base oil prices may have eluded sellers. The whole oil industry is facing weaker levels for crude and feedstocks due to potential declining demand from major economies like China, which is experiencing growing problems surrounding the coronavirus epidemic. – by Ray Masson

EMEA Base Oil Price Report

Despite a retreat by crude oil costs, base oil prices have started to rise across Europe, the Middle East and Africa thanks to lack of availabilities, particularly for API Group I base stocks. – by Ray Masson

EMEA Base Oil Price Report

Speculation that prices might rise or at least start to firm after the New Year seems to be unfounded because little has changed in the base oil markets over the past few weeks. – by Ray Masson

EMEA Base Oil Price Report

Base oil markets have returned to full steam after the seasonal break, and buyers and sellers are trying to fathom just where prices and availabilities lie. – by Ray Masson

EMEA Base Oil Price Report

Buyers and sellers returned to their desks this week, but base oil trading remained quiet, likely to pick up as the week progressed. Markets were jolted, however, by a run-up in crude costs after stepped up conflict in the Middle East Gulf. – by Ray Masson

EMEA Base Oil Price Report

Base oil markets were exceptionally quiet the past week in Europe, the Middle East and Africa, with many players absent from their desks and offices. Business is expected to return to normal after Monday, when buyers and sellers return from the seasonal break. – by Ray Masson

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and Africa are extremely muted on the trading front, although a number of cargoes are moving to export destinations, perhaps proving that some parts of the base oil market never come to a complete standstill. – by Ray Masson

EMEA Base Oil Price Report

As happens this time of year, many base oil buyers have largely ceased activity for the remainder of the year, yet a few pockets of action continue. – by Ray Masson

EMEA Base Oil Price Report

Throughout Europe, the Middle East and Africa, base oils are under downward pricing pressure, though to varying degrees and for different reasons. – by Ray Masson

EMEA Base Oil Price Report

Dynamics for base oils in Europe, the Middle East and Africa are varying these days based on product group and region. The traditional seasonal slowdown in trade is in full swing, but several developments are roiling the markets. – by Ray Masson

EMEA Base Oil Price Report

Base oil demand is sluggish throughout Europe, the Middle East and Africa as lackluster economic activity has turned a normally slow season deathly quiet. Many lubricant blenders have made their last base stock purchases of the year, and inventories of all grades are rising. – by Ray Masson

EMEA Base Oil Price Report

Base oil prices around the European, Middle Eastern and African markets are muted due to a mounting oversupply situation that is growing by the day. – by Ray Masson

EMEA Base Oil Price Report

Prices for API Group I base oils continue to come under pressure from a wave of availability that is building slowly but surely towards the year’s end. – by Ray Masson