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Olefins and Feedstock Report: Almost Business as Usual
Olefin and feedstock offtake plummeted in February in regions that are being impacted by the coronavirus, such as East Asia (See Vol. 1, Issue 1), but Latin America has nearly been completely spared. Discharges of propylene and naphtha in the region were down slightly in February from January, while LPG offtake increased.
Tags: Asia, coronavirus, feedstock, lpg, Naptha, olefin, petchem, propylene -
Base Oil Break Up
US base oil exporters are facing significant demand changes because of higher Group II availability in Europe and the continued global switch from Group I to Group II base oils. Higher availability, more competitive prices and a wider range of applications compared to Group I make Group II the dominant global base oil. US Group […]
Tags: base oils, feedstock, Group I base oils, Group II Base Oils, IMO2020, low sulfur fuel, maritime, special -
FOFT: Pakistan State Oil Importing HSFO for Seasonal Needs
State-owned Pakistan State Oil (PSO) returned to the international market for its supply of high sulfur fuel oil (HSFO) as demand for fuel oil in power generation is expected to exceed refinery production and inventory during the country’s peak summer season.
Tags: feedstock, fuel oil