News

DYM Resources is an independent commodity trader specializing in niche oil products such as base oil, slack wax, petroleum coke, and other oil chemical and coal chemical products

DYM Resources receives a title of Growth Champion

According to a survey conducted by Focus Business in cooperation with Statista, DYM Resources got a title of one of the fastest-growing companies in Germany in the period from 2017 till 2020.   Focus Business is the business and career magazine from a German-language news magazine FOCUS. Statista is a German company specializing in market […]
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DYM Resources at UNITI 2021 

Next week DYM Resources is going to participate at UNITI Mineral Oil Technology Congress 2021. The congress is taking place in Stuttgart on the 3d and 4th of November. DYM Resources is also going to participate at a pre-seminar Anticipating changing energy market impacts on fuels, base oils and lubricants with Argus experts and industry speakers. UNITI conference consists of presentations from the industry experts followed by discussions and many […]
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DYM Resources’s overview of the base oil prices for Globuc

DYM Resources’s managing director Denis Varaksin recently spoke with Globuc about base oil prices and logistics, giving his forecasts for the future. Globuc is an enterprise for B2B events in energy industry, including the annual CIS Base Oils and Lubricants conference in Moscow where DYM Resources regularly participates.   According to Mr. Varaksin, from March to May 2020, base oil prices reached a minimum, which […]
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Neste sells its base oil business to Chevron

On October 4th 2021 an independent base oil supplier Neste from Finland announced the sale of its base oil business to Chevron Global Energy Inc. Neste is one the world’s biggest Group III base oil producers that has a refinery in Porvoo with a capacity of 250’000 tons per year. Chevron Corporation is one of the world’s […]
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Russian base oil exports grow 20% in August 

After a 12% decrease in July, Russian base oil rail and river exports in August reached 98’000 tons – the highest number since March this year. It is 20% more than the month before.   Lukoil increased base oil river exports from Volgograd to the Black Sea almost twice, while exports to Kaliningrad dropped 65% – from 16kt to […]
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DYM Resources got Lithuanian VAT registration

DYM Resources recently completed the registration as a Value Added Tax (VAT) payer in Lithuania. In addition to that, the company has been previously registered as a VAT taxpayer in Estonia, Finland, Latvia and Germany, where DYM Resources is headquartered.   Yury Burenko, Managing Director of DYM Resources, says that getting VAT number in Lithuania is a part of […]
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DYM Resources completed ISCC EU and PLUS Basic Training

DYM Resources’s leading biofuel feedstock trader Jev Savins successfully completed ISCC EU and PLUS Basic Training. ISCC is a sustainability certification system covering the entire supply chain and all kinds of biobased feedstocks and renewables.      The seminar covered the following ISCC System components:  System Overview and Legal Framework  ISCC EU, ISCC PLUS and ISCC CORSIA: Commonalities and Differences  […]
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Base oil exports in Russia in July dropped 12%

   Russia’s base oil exports have reached their minimum since September 2020 on falling export demand and higher domestic prices in July. Comparing to June exports fell 12% and reached 78.13kt.   After reaching their peak at the end of May – early June, base oils prices started to fall, SN 150 fob Baltic prices fell by 230 USD/mt and SN 500 fob Baltic dropped 460 USD/mt from […]
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