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

Base oil markets throughout Europe, the Middle East and Africa are finding their feet again after a season of poor demand coupled with copious availabilities of all types of base oil. Business is slowing in areas that celebrate Ramadan, and with the summer vacation season kicking off in June, the market may not return to normal until September. –by Ray Masson

EMEA Base Oil Price Report

An air of quiet concern circulated among base oil suppliers this week as trading remained cooled by Mayday holidays and Ramadan and demand still below expected levels. –by Ray Masson

EMEA Base Oil Price Report

Base oil prices reportedly remain under downward pressure throughout Europe, the Middle East and Africa as buyers appear to have the upper hand. –by Ray Masson

EMEA Base Oil Price Report

Base oil prices across Europe, the Middle East and Africa remain weak with continuing pressure from a general oversupply affecting all sectors to varying degrees. –by Ray Masson

EMEA Base Oil Price Report

The Easter holidays intruded on base oil markets this week, as many buyers and sellers vacated their desks to leave business transacting at a slower pace than normal. Most prices in Europe, the Middle East and Africa remained static. –by Ray Masson

EMEA Base Oil Price Report

Group I prices showed signs of leveling off the past few days, but Group II sellers are aggressively protecting or seeking market shares while the Group III segment shows signs of tightening for the moment but still looks like a buyers’ market long term. –by Ray Masson

EMEA Base Oil Price Report

API Group II and III base oils continued facing downward pricing pressure, thanks to wide availability and competition between suppliers. European Group I exports appear more balanced, but prices within Europe declined. –by Ray Masson

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and Africa diverged this week, depending on grade and type. API Group I grades are largely stable except for bright stock, which has come under downward pricing pressure because demand fell while availability stayed healthy. –by Ray Masson

EMEA Base Oil Price Report

Base oil markets were mixed this week as API Group I stocks showed some signs of stability while Group II and Group III markets seemed to be on rollercoaster rides. –by Ray Masson

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