COLUMNS & DEPARTMENTS 3 LETTER FROM THE PRESIDENT 10 INDUSTRY RUNDOWN 10 IN THE KNOW 12 MARKET REPORT 5 LETTER FROM THE CEO 6 INSIDE ILMA 8 WHAT'S COMING UP 10 INDUSTRY RUNDOWN 10 In the Know 12 Market Report 32 BUSINESS HUB 34 COUNSEL COMPOUND 35 WASHINGTON LANDSCAPE 36 IN NETWORK 36 Member Connections 38 Cross Connections 40 PORTRAIT Correction: The ExxonMobil Rotterdam facility is a Group II facility. In the July 2017 Market Report article titled, Americas Base Oils at Mid-Year: Tight Supply Dominates, it was incorrectly labeled as a Group III facility. 36 IN NETWORK 36 MEMBER CONNECTIONS 38 CROSS CONNECTIONS