Argus Base Oils - 
Annual Review 2016

This review examines key market developments in each region in 2016 and its impact on the industry.


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Argus Base Oils - Annual Review 2016

This review examines key market developments in each region in 2016. How they affected the industry last year offers an indication of the impact they are likely to have in market developments this year.
 
Some of these factors have repeated themselves or extended into 2017. Others continue to influence the market this year.

Key developments included:

  • The global oversupply of bright stock
  • The price-spike in China in first-half of 2016
  • The closure of two Group I plants in Europe
  • The market impact of the start-up of ADNOC’s Group III plant in UAE
  • The surge in US exports to Mexico
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