Recent Topics
where do U buy parts? -online, B&M chains, and why
by columnshift
39 minutes 50 seconds ago
Honda Fit A/C issue
by M1Accord
43 minutes 27 seconds ago
OEM vs. Aftermarket filters for European Cars.
by stchman
45 minutes 9 seconds ago
Amsoil Motor oil
by AirgunSavant
53 minutes 46 seconds ago
Cutting open filters??
by stchman
54 minutes 38 seconds ago
r tek carb cleaning question
by iahawk
Today at 01:22 PM
Overview of AWD Systems
by SubLGT
Today at 12:00 PM
Best place to get a brake fluid flush?
by 2civics
Today at 11:33 AM
Wet/Dry Shop Vac
by Picky1
Today at 10:50 AM
Toyo Celsius All-Weather Tire
by SubLGT
Today at 10:44 AM
Trans-X after a torque converter replacement
by threeputtpar
Today at 08:16 AM
20w-20 vs 20wt
by mjoekingz28
Today at 07:13 AM
Newest Members
ptkdude, Warwagon, SWFL, frodo84, eric4ok
54919 Registered Users
Who's Online
100 registered (01rangerxl, AirgunSavant, adamrc, aquariuscsm, 901Memphis, aircooled, 5 invisible), 1857 Guests and 98 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
54919 Members
66 Forums
235387 Topics
3787417 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: 19436
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