ILMA Compoundings May 2018 - 21

Group I and Group II producer-posted price trends on two
light grades
3.5

USD/US gal

3.25

3

2.75

2.5

2.25
Jan '17

Apr '17

Jul '17

Oct '17

Jan '18

Base Oils Group I HollyFrontier Mid Cont 70/75 FOB USG Posted Price
Base Oils Group II Chevron GC 100/120 FOB USG Assessment Outright

© 2018 ICIS

3.5

70

3.25

65

3

60

2.75

55

2.5

50

USD/bbl

USD/US gal

Posted price trends compared with Louisiana Light Sweet (LLS)
crude oil price direction

45

2.25
Jan '17

Apr '17

Jul '17

Oct '17

Jan '18

Base Oils Group I HollyFrontier Mid Cont 70/75 FOB USG Posted Price
Base Oils Group II Chevron GC 100/120 FOB USG Assessment Outright
Crude LLS FIP St. James LA Assessment Spot Month Closing Value (USD/bbl) © 2018 ICIS

increases jumped in as rising crude oil prices pushed into
the $60s per barrel and stayed there.
Group II producers Chevron, Motiva, and Phillips 66
and FHR announced posted price increases in early January, with respective effective dates of Jan. 10, Jan. 5 and Jan.
12. Posted increases ranged from 10 cents to 16 cents per
gallon, depending upon the producer. Group I and Group
II producer Calumet came out with posted price announcements at an increase of 15 cents per gallon on all its grades
effective Jan. 15. PetroCanada announced posted increases
effective Jan. 16, raising its Group II grades by 13-16 cents
per gallon, depending upon the viscosity.
The pace of 2018 base oil business ramped up with
these January announcements and took little pause in
February as posted increases continued to emerge, bolstered by crude oil prices, good demand and the prospects
offered by recovery from the severe weather damage of
the fourth quarter of 2017. By the second half of January,
Group I moved up posted prices, and by the end of the
month and first of February, all producers had announced
increases - but that was not the end.
Chevron announced posted price increases on its
Group II grades on Jan. 31. By Feb. 2, PetroCanada had
announced Group II posted increases, as did Phillips 66
and FHR, with most of these at 20-22 cents per gallon.
Other producer-posted price increases emerged in February, then began tapering down in March. At mid-March,
there were no fresh increase announcements.
Taylor is senior editor manager for ICIS. She may be
reached at 713-525-2607 or judith.taylor@icis.com.

21



Table of Contents for the Digital Edition of ILMA Compoundings May 2018

LETTER FROM THE CEO
INSIDE ILMA
Company Callout
WHAT’S COMING UP
NEW MEMBERS
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
SMOOTH TRANSITION
PERILOUSLY OBSOLETE
HARASSMENT IN THE WORKPLACE
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings May 2018 - Cover1
ILMA Compoundings May 2018 - Cover2
ILMA Compoundings May 2018 - 1
ILMA Compoundings May 2018 - 2
ILMA Compoundings May 2018 - LETTER FROM THE CEO
ILMA Compoundings May 2018 - INSIDE ILMA
ILMA Compoundings May 2018 - 5
ILMA Compoundings May 2018 - 6
ILMA Compoundings May 2018 - 7
ILMA Compoundings May 2018 - Company Callout
ILMA Compoundings May 2018 - 9
ILMA Compoundings May 2018 - WHAT’S COMING UP
ILMA Compoundings May 2018 - 11
ILMA Compoundings May 2018 - NEW MEMBERS
ILMA Compoundings May 2018 - 13
ILMA Compoundings May 2018 - INDUSTRY RUNDOWN
ILMA Compoundings May 2018 - 15
ILMA Compoundings May 2018 - 16
ILMA Compoundings May 2018 - In the Know
ILMA Compoundings May 2018 - International Insight
ILMA Compoundings May 2018 - 19
ILMA Compoundings May 2018 - Market Report
ILMA Compoundings May 2018 - 21
ILMA Compoundings May 2018 - SMOOTH TRANSITION
ILMA Compoundings May 2018 - 23
ILMA Compoundings May 2018 - 24
ILMA Compoundings May 2018 - 25
ILMA Compoundings May 2018 - 26
ILMA Compoundings May 2018 - 27
ILMA Compoundings May 2018 - 28
ILMA Compoundings May 2018 - 29
ILMA Compoundings May 2018 - PERILOUSLY OBSOLETE
ILMA Compoundings May 2018 - 31
ILMA Compoundings May 2018 - 32
ILMA Compoundings May 2018 - 33
ILMA Compoundings May 2018 - HARASSMENT IN THE WORKPLACE
ILMA Compoundings May 2018 - 35
ILMA Compoundings May 2018 - 36
ILMA Compoundings May 2018 - 37
ILMA Compoundings May 2018 - 38
ILMA Compoundings May 2018 - 39
ILMA Compoundings May 2018 - BUSINESS HUB
ILMA Compoundings May 2018 - 41
ILMA Compoundings May 2018 - COUNSEL COMPOUND
ILMA Compoundings May 2018 - 43
ILMA Compoundings May 2018 - 44
ILMA Compoundings May 2018 - 45
ILMA Compoundings May 2018 - 46
ILMA Compoundings May 2018 - WASHINGTON LANDSCAPE
ILMA Compoundings May 2018 - Member Connections
ILMA Compoundings May 2018 - 49
ILMA Compoundings May 2018 - Cross Connections
ILMA Compoundings May 2018 - 51
ILMA Compoundings May 2018 - PORTRAIT
ILMA Compoundings May 2018 - Cover3
ILMA Compoundings May 2018 - Cover4
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