Recent Topics
Alignment, rear toe, fix or leave it?
by actionstan
09/16/14 09:49 PM
TGMO 0W-20, 13 Avalon Hybrid
by dmack2
09/16/14 09:38 PM
Mobil 1 Custom Blend 0w30 - 4,000 mi, 2014 Mazda 3
by Artem
09/16/14 09:29 PM
Valvoline Next Gen
by ChevyBadger
09/16/14 09:18 PM
Valvoline SynPower 0w-20
by klt1986
09/16/14 08:57 PM
Amsoil 10w40 compare in inboard 5.7liters
by Yannick
09/16/14 08:40 PM
stainless steel Dishwasher interiors
by spasm3
09/16/14 08:19 PM
Need adhesive advice
by gfh77665
09/16/14 08:11 PM
Looking for a diesel fuel additive....
by NattyBoh
09/16/14 07:23 PM
FL Tax-free holiday on some appliances
by hatt
09/16/14 07:14 PM
Amp cord overrated for generator...?
by Nayov
09/16/14 07:10 PM
Valvetrain/head pics, 2004 2.2 Ecotec ~130K miles
by MinamiKotaro
09/16/14 07:00 PM
Newest Members
reetzy, RJasonKlein, dougout, CDot, mazarnelli
51316 Registered Users
Who's Online
86 registered (01rangerxl, abycat, actionstan, 123Saab, 3800Series, 1kickbuttranger, 5 invisible), 1502 Guests and 231 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
51316 Members
64 Forums
219339 Topics
3461297 Posts

Max Online: 2862 @ 07/07/14 03:10 PM
Donate to BITOG

Topic Options
#259033 - 09/03/03 05:35 AM Oil prices may be going up
Les Offline


Registered: 01/22/03
Posts: 122
Loc: Kemah, TX
September 2, 2003
Base Oil Price Report
By Tim Sullivan

An Aug. 21 explosion at Petro-Canada’s Lubricant Centre already appears to have tightened North American supply of Group II base oils – and the company has not yet announced a repair schedule.

Still, observers refrained from predicting whether a major disruption is in store, at least until they know how long it will take for normal operations to resume.

The explosion occurred as staff was completing the final steps to bring the Mississauga, Ontario, plant back online after a weeklong shutdown triggered by mid-August's U.S. and Canadian power failures. Petro-Canada was able to restart one of the plant’s two production trains but only is operating at half of its 12,500-barrel-per-day capacity. The train that is operating produces Group II-plus and Group III stocks, while the other produces Group II.

“Certainly no news is bad news,” one base oil buyer said. He and other sources said the problems at Petro-Canada already seem to have snugged up the Group II market, with one remarking that export availability has dried up the past two weeks. Petro-Canada has acknowledged purchasing from other suppliers to meet its own orders.

Observers also noted that Group II supply has been tight for much of the year because of production disruptions at several refineries. Still, buyers and sellers said it is too early to say whether the incident in Mississauga will seriously crimp the market.

“I think it’s just impossible to say until we know how long that train is going to be out,” a marketer said.

Top
#259034 - 09/03/03 06:23 AM Re: Oil prices may be going up
labman Offline


Registered: 03/14/03
Posts: 8711
Loc: Nothern USA
I just paid what I thought was an outragous $21.88 at Wal-Mart for 3 five quart Jugs of Pennzoil 5W-30 dino. That will do my car, truck, and truck tranny with some left over. Maybe things will settle down before I do may December oil change.

Top
#259035 - 09/03/03 01:47 PM Re: Oil prices may be going up
Patman Offline



Registered: 05/27/02
Posts: 19280
Loc: Oakville, Ontario
FWIW, they announced yesterday that the Petro Can plant in Mississauga will be closing it's doors in December 2004, and moving production to Montreal.

Top