The base oil industry remains dynamic. Following a series of demand- and supply-side shocks over the last few years, the market is set to face the repercussions from changing fundamentals.
Base oil demand has shifted towards premium grades following a slew of regulatory and specification changes. The impact of a rise in production capacity has so far been disrupted by logistical complications, geopolitical tensions, and a reorientation of crude trade. These changes present challenges for market participants. But they create more opportunities for those with access to the latest market intelligence.