The availability of Russian base oils for export loading has improved after a restriction in July and August, as refineries have begun to run at full-scale and the attractiveness of export sales has improved due to the weaker Russian ruble, according to DYM Resources estimates. The Russian currency dropped by 8.6% between July 30th and […]
European base oil prices are likely to stay strong long-term and are expected to trend higher in the first half of 2017 based on higher feedstock costs, according to Argus Base Oils senior analyst Alvin Chew. Chew delivered these insights at the UEIL Conference in Berlin in October. In the fourth quarter, base oil prices […]
