Recent Topics
Cutting open oil filter...?
by Wordfreak
Today at 01:44 AM
The BITOG LOL smiley is AWAL
by Merkava_4
Today at 01:43 AM
antifreeze leak on back corner of engine
by ram_man
Today at 12:03 AM
Man killed, daughter injured in plane crash...
by hatt
Yesterday at 11:25 PM
Hyundai Elantra manual trans fluid change help
by dja4260
Yesterday at 10:51 PM
My Review of the 1997 Camry
by Nick1994
Yesterday at 10:50 PM
M1 ESP 5W30
by e55amgbenz007
Yesterday at 10:50 PM
"2013" 5.0 Stang oil?
by Camprunner
Yesterday at 10:31 PM
7,000 miles on oil... change before trip?
by Klutch9
Yesterday at 09:50 PM
Wiggling brake shim
by Klutch9
Yesterday at 09:45 PM
Sensen Struts, talk me into or out of them
by Clubber_Lang
Yesterday at 09:23 PM
Ticks when it needs an oil change!
by Realtech214
Yesterday at 08:43 PM
Newest Members
Samial, TomHh, JPowell490, LubeMan52, Powermax
50782 Registered Users
Who's Online
22 registered (Camprunner, engineer20, Clubber_Lang, dernp, 5 invisible), 739 Guests and 229 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
50782 Members
64 Forums
216931 Topics
3414784 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: 19253
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