Recent Topics
Weasel **[censored]**
by mjk
08/27/15 08:58 PM
The who cares question of the day
by skyactiv
08/27/15 08:45 PM
Is this for real? Haha!
by aquariuscsm
08/27/15 08:36 PM
Jeep Patriot Weird Tire Size
by Nick1994
08/27/15 08:07 PM
The little red straws that come with carb cleaner
by Merkava_4
08/27/15 07:52 PM
1.8 Toyota reliability(2016 Corolla)
by mike7139
08/27/15 07:51 PM
Low Mileage Oil Change vs Time
by fbergski
08/27/15 07:50 PM
Best prices for Weather tech mats online?
by JC1
08/27/15 06:21 PM
Unchain my bike... or so I thought...
by BusyLittleShop
08/27/15 06:15 PM
Ingersoll Rand "Megacool" and "Boostercool" ?
by heynow
08/27/15 05:38 PM
2017 Hyundai Elantra (production pics 'leaked')
by wemay
08/27/15 05:11 PM
I cut a white Purolator up. Bit over 5k
by Mrsandman
08/27/15 04:59 PM
Newest Members
Imad, LockportHenry, guitahero, o3a, hayahiox
55169 Registered Users
Who's Online
112 registered (2010_FX4, 901Memphis, 95busa, another Todd, andrewlg, 2009Edge, 13 invisible), 1650 Guests and 146 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
55169 Members
66 Forums
236575 Topics
3811608 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: 19456
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