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Motiva announces US Group II base oil posting decrease

  • Märkte: Oil products
  • 24.02.26

US independent refiner Motiva announced a 50¢/USG decrease to all of its Group II, II+ and III US base oil postings on 23 February. The decrease is set to take effect starting on 1 March.

Market participants expressed varying levels of expected impact on contract pricing stemming from the move.

Several blenders said their contracts are not linked to Motiva base oil postings and so the move would have no direct effect on term volumes.

Other market participants are linked to a basket of postings, which could lead to price decreases of 10-15¢/USG or more on contract volumes, even if they are not Motiva customers.

Several finished lubricant blenders are expecting the announcement to push lubricant buyers to push for most of the 50¢/USG decrease to be passed down to that market.

US base oil spot prices for Group II grades are mixed, with light-viscosity grades relatively steady and some downward pressure affecting mid- and heavy-viscosity grades.

A similar mix of pressures is also affecting the US Group III market.


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