An award-winning, independent monthly magazine about the global lubricants industry, Lubes’n’Greases, published DYM Resources’ comment on the recent disruption of Russian base oil exports by COVID-19.
According to DYM Resources’ managing director Denis Varaksin, the flow of products moving out of Russia and other neighboring countries has slowed. The reason is the lack of personnel at loading and reloading stations as well as delayed customs clearances. Customs officials in Russia and Ukraine sometimes refuse to accept the documents from long-haul drivers because of the possibility of the virus spread.
At the same time, Varaksin says, “prices of container freight and truck freight are going up”.
Russia exports big volumes of oil products to different markets such as Western Europe, the United Kingdom, Turkey and Africa. The lubricants industry in Russia, one of the world’s largest base oil producing nations, is likely to be facing challenges due to the expected ruble devaluation and the COVID-19 spread.
OPEC proposed Russia to cooperatively reduce crude oil production, but the Russian government rejected this proposal. Afterwards the Saudis flooded the market with cheap crude, contributing to a fall-off in prices.
Oleg Tsvetkov, chief specialist at the Topchiev Institute of Petrochemical Synthesis of the Russian Academy of Science, compared the situation to what happened in the late 1990s when the president of Venezuela Hugo Chavez convinced the Saudis to sell crude oil for fixed prices. Back then it helped fight poverty in Venezuela and Russia, but now the authorities seem to be doing the opposite.
DYM Resources is a base oils trader with headquarters in Berlin, Germany. The company is offering a wide range of base oils, including Group I, II and III as well as finished lubricants and additives. DYM Resources exports base oils and waxes from Russia, Uzbekistan, Turkmenistan, Europe and other locations in flexi-containers, iso-tank, trucks, rail tank cars and bulk vessels.Read More →
The leading media in the field of lubricants, oils, and waxes, Lubes ‘N’ Greases, has quoted DYM Resources’ managing director Denis Varaksin.
“China’s imports of many raw materials have dropped,” Denis Varaksin, director of base oils and waxes at German trading company DYM Resources GmbH, told Lube Report. “So, the import of base oils has decreased massively, and a big part of that import was Group III … from South Korea, Malaysia and the Middle East.”
“These flows are likely to be re-directed to other markets such as Europe, [the U.S.] and India, driving premiums for Group III down,” Varaksin said.
“The reason is the same – the virus – but the impact is different,” Varaksin said. “Because of the Chinese import drop, the Group III market globally is long, and because of the Iranian export decrease, the Group I market is short in the Middle East, India, Africa and Southeast Asia.”
Read the full article on Lubes ‘N’ Greases.
DYM Resources is a base oils trader with headquarters in Berlin, Germany. The company is offering a wide range of base oils, including Group I, II and III as well as finished lubricants and additives. DYM Resources exports base oils and waxes from Russia, Uzbekistan, Turkmenistan, Europe and other locations in flexi-containers, iso-tank, trucks, rail tank cars and bulk vessels.
To get a quote, please email us on email@example.com. We usually reply within 48 hours.Read More →
DYM Resources is attending the 24th ICIS World Base Oils and Lubricants Conference from February 19th to 21st in London. The conference provides its participants with industry insights, information on the market trends and trade dynamics.
Networking sessions, C-level speakers, training courses – the leading industry conference is aimed at helping the players better shape their strategy und better understand the market.
“Base oils and lubricants market is on the urge of great changes, it is important to understand global trends and World base oils and Lubricants conference is the exact place to do our market research and meet clients and suppliers” – Denis Varaksin, director lubes and base oils for DYM Resources says.
Main topics covered at the conference:
Among attendees and speakers there will be such market leaders as: Nest, Exxon Mobil, Chevron, Puraglobe, SK Lubricants, Croda, Shell, Gulf Oil, Valvoline, Orlen Oil, Calumet, Motive, Avista, Hyunday, Repsol, GS Caltex, Total, BASF, and others.
DYM Resources is a trading firm focused on base oils, waxes, bitumen, petroleum coke and biofuels. The company is supplying base oils from Russia, Belarus, Europe, and multiple other locations.
DYM Resources delivers Group I base oils SN 150, SN 350, SN 400, SN 500, SN 900, SN 1200 and BS-150, Group II HVI-2, as well as Group III VHVI-4, VHVI-6 and VHVI-8 globally in bulk tankers, flexi-containers, rail tank cars, trucks, and iso-containers. The company also supplies finished engine lubes, industrial oils and lube additives including viscosity modifiers and lithium hydroxide.
To schedule a meeting with DYM Resources at the conference do not hesitate to contact us per email firstname.lastname@example.org.Read More →
Lubes’n’Greases, a renowned media in the field of lubricants, oils, and waxes, published DYM Resources’ comment on the recent suspension on exports of base oils and lubes in Belarus.
After Moscow halted crude deliveries, Minsk government decided to reduce local impacts by pausing exports of base oils and finished lubricants. Belarus is a key base oils and finished lubes supplier to Ukraine market as well as significant exporter of Group I grades via Baltic ports. Naftan refinery produces SN 150, SN 500, SN 1200 and other less common grades.
DYM Resources’ managing director Denis Varaksin noted that “the timing would be poor for any impact on base oils because the market recently began to pick up after demand was sluggish for most of 2019”.
“Oil products output can be reduced by half”
Read the full article by Boris Kamchev on Lubes’n’Greases.
DYM Resources is a base oils and slack wax trading company selling base oil globally in bulk, flexi-containers, rail tank cars, and trucks.Read More →
DYM Resources is participating in the 16th ICIS Middle Eastern Base Oils and Lubricants Conference. Global industry influencers and regional drivers for the Middle Eastern market will gather together from October 15th to 16th in Dubai.
Conference speakers will provide an overview of the Middle Eastern macroeconomy, including the Middle Eastern Base Oils and Lubricants market: trends, economical сhallenges, environmental issues, future transformation strategies, impact of international regulation, etc.
Among the reports there are the following topics:
— How developments within the Gulf’s oil market are currently influencing its economy.
— Supply and demand dynamics of base oils Group I, II, III in the Middle Eastern region.
— How will sanctions affect base oils and lubricants demand and supply?
— Challenges in vehicle engine oils in MENA ahead of IMO 2020, globalization of standards.
— As the global fuel industry develops and innovates, how is the Middle East keeping up?
— The Gulf as a major marine hub: how is the Gulf preparing for IMO 2020? Is this regulation affecting the value chain, including ports?
— How does the marine fuel sector look like in the Middle East after 2020?
Delegates of the 16th ICIS Middle Eastern Base Oils and Lubricants Conference will include representatives from Novvi (develops, produces and distributes plant-based synthetic oils and lubricants), Lubrizol Dubai (coatings, engineered polymers, engine oil additives, industrial lubricants, etc), Ineos Oligomers (manufactures chemicals for the use in polyethylene, lubricants, fuel additives, surfactants, and special materials), Alhamrani FUCHS Petroleum (produces lubricants for various mechanical industries), Afton Chemical (develops and manufactures petroleum additives), and others.
DYM Resources is an international oil trading company specializing in base oils, additives, lubricants, and slack wax supply. The company is supplying base oils from Russia, Belarus, Uzbekistan, Turkmenistan, and Europe by flexi-tanks, trucks, and bulk.
To meet our managing director Denis Varaksin on the 16th ICIS Middle Eastern Base Oils and Lubricants you are welcome to contact us per email: email@example.com.
“Asian market is the fastest growing one in the world. Quality changes happening there are amazing,” — says the managing director from DYM Resources Denis Varaksin. “DYM Resources is a global base oils and additives supplier. Therefore, we will use the conference to see suppliers and clients, and to get more knowledge about base oils market in Asia.”
Conference speakers will discuss, how politics and increased geopolitical tensions affect the Asian economy. They will try to make a forecast, what the economic outlook for the Asian region will be after 2020. Several reports will be made on the base oils of Group I and Group II, as well as on the introduction of Euro VI equivalents in Asia, and on upcoming innovations in engine performance affecting the lubricants business.
Among the speakers will be company representative from Shell, ExxonMobil Fuels & Lubricants, Infineum Singapore ( fuel and lubricant additives), The Lubrizol (additives for transportation and industrial lubricants), Pertamina Lubricants (manufactures lubricants), Chemlube International (lubricating oils and greases), Lukoil Marine Lubricants. In 2018 the Conference was attended by over than 300 delegates.
DYM Resources is an international oil trading company specialized in base oils, additives, lubricants, and slack wax supply. The company is supplying base oils from Russia, Belarus, Uzbekistan, Turkmenistan, and Europe in flexi-tanks, trucks, and bulk.
To meet our managing director Denis Varaksin at the 13th ICIS Asian Base Oils and Lubricants Conference you are welcome to contact us per email: firstname.lastname@example.org.Read More →
The conference, which takes place from May 22nd to 23rd in Moscow, Russia, will gather participants with the latest global and regional trends affecting the basic oil and lubricants industry in Russia and the CIS.
“Over the past two years, the lubricating oil market in Russia has grown by about two percent and it is expected to continue growing in 2019, while the quality improves,” says the managing director of DYM Resources, Denis Varaksin. “Russia and CIS are a main sourcing market for DYM Resources. As we have recently started importing some high-quality materials such as viscosity modifiers into Russia, the ex-USSR market has become even important for us.”
Conference contributors will discuss how the new IMO 2020 emission standards will affect the quality, price, and manufacturing of petroleum products, possible successful strategies for lubricant manufacturers under conditions of increasing competition, and how to meet customer requirements during the transition for Group II and III base oils in Russia. Key market players Rosneft, Gazprom neft, and LUKOIL will discuss the implementation of import substitution programs for base oils and the development of their own production facilities. Major blenders and base oils producers plan to share their latest achievements, plans, and new technologies such as modern catalysts, dewaxing additives, fluids to improve viscosity index in various base oil groups, and the Oil Conditioning Monitoring program.
The participants will include delegates from Fuchs, Total Vostok, Nizhnekamskneftekhim, Arlanxeo, Exxonmobil, and Shell, as well as Belarus, Turkmenistan, and Uzbekistan industry champions.
DYM Resources is an international oil trading company specialized in base oils, lubricants, additives, and slack wax supply. The company is supplying base oils from Russia, Belarus, Uzbekistan, Turkmenistan, and Europe in flexi-tanks, trucks, and bulk.
To meet our managing director Denis Varaksin at the7th CIS base oil and lubricants conference, you are welcome to contact us per email: email@example.com.