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Brazilian Group II Appetite Grows
Exports of Group II base oils from the United States to Brazil grew for the third consecutive year in 2019 as Brazil’s demand for more advanced lubricant formulations continues to grow. US exports of Group II products to Brazil hit a record 274,897 tons in 2019, up from 228,342 tons in 2018 and 123,788 tons […]
Tags: brazil, lubricants, oils, special, US -
Group II Base Oil Exporters Wait on European Tariff Decision
Importers of Group II base oil into Europe may have to start paying a tariff if the current waiver is not extended beyond December. European production, meanwhile, could influence trans-Atlantic flows. A working group within the European Commission met earlier this month to discuss whether to extend a tariff waiver, which currently allows Group II […]
Tags: automotive, exxon, IMO, lubricants, special