Recent Topics
1998 Olds 88-3800 engine
by ET16
09/01/14 06:20 AM
ATF Change (4T65E-HD) - What to do?
by tony1679
09/01/14 05:16 AM
Popular Science article in 1976 on synthetic oils
by Apollo14
09/01/14 03:05 AM
9/1-10/5 Pep Boys Sales Ad
by tenderloin
09/01/14 02:21 AM
To Buy the Jug, or use another weight?
by Timo325
09/01/14 02:00 AM
8/31-9/7 Pep Boys Sales Ad
by tenderloin
09/01/14 01:57 AM
weedeater one we261
by turbodieselfreak
09/01/14 01:42 AM
Engine rebuild durability?
by PandaBear
09/01/14 01:31 AM
FRN is back
by larry007
09/01/14 12:41 AM
Who makes TrueGard brand?
by Datsyuk
09/01/14 12:38 AM
Pennzoil Platinum 15w50 Pallet 125 boxes/ 6qt
by Datsyuk
09/01/14 12:26 AM
8000 H&K G36 Assault Rifles
by Merkava_4
08/31/14 11:42 PM
Newest Members
DennisWaller, DMackey, Mambo_Dave, 2165, JohnSawyer
51160 Registered Users
Who's Online
40 registered (BISCUT, 3800Series, andyd, 05LGTLtd, 2009Edge, 4 invisible), 672 Guests and 374 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
51160 Members
64 Forums
218608 Topics
3447064 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: 19275
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