Recent Topics
Ready boost for netbook... Thoughts ?
by 97tbird
48 seconds ago
Cdn Tire Sale
by RogerBacon
1 minute 9 seconds ago
2014 Focus ST
by jigen
30 minutes 2 seconds ago
need some help from windows phone users
by afoulk
Today at 07:55 AM
1978 Ford LTD 351M QSGB 10w-30 2800 miles
by SS1970chrysler
Today at 07:04 AM
Need a Good 2stroke oil
by Samf333
Today at 01:37 AM
Hawaiian Airlines Flight 45
by Merkava_4
Today at 12:07 AM
Check those filters when buying!
by Pat in Speedway
Yesterday at 11:42 PM
Straight Weight Oil
by outoforder
Yesterday at 11:19 PM
The High Mile Club
by Nick1994
Yesterday at 10:43 PM
Mobil 1 0W30 AFE 6020 Miles 06 Toyota Tacoma V6
by qnyla
Yesterday at 10:14 PM
Trip to NAPA today - new oil buying paradigm?
by SilverC6
Yesterday at 10:06 PM
Newest Members
Defrazie, greenglower, rboone, Williema, mrpowderkeg
49669 Registered Users
Who's Online
82 registered (accent2012, 97tbird, 2004tdigls, b1amgm47, bepperb, 7 invisible), 1718 Guests and 175 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
49669 Members
64 Forums
212308 Topics
3328069 Posts

Max Online: 2651 @ 04/21/14 04:38 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: 19195
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