April lubricants industry market update.

[Foxtrot08]

https://corporate.exxonmobil.com/ne...ng-lubricant-supply-through-global-disruption

First of probably multiple public statements from the majors. It’s of course very carefully worded. But, reformulations and shortages are here.

 

[tired]

Someone made a Strait of Hormuz tracker on Bloomberg Terminal.

Not much moving yet.

 

[mitsuman47]

Someone made a Strait of Hormuz tracker on Bloomberg Terminal.

Not much moving yet.

There likely won’t be much moving for a while. De-mining operations will take some time to complete. I’ve heard that Iran has placed somewhere between 1000 and 3000 mines in the straight. Estimates, of course. But, regardless of the actual number, the entire thing needs to be carefully mine swept.

 

[4wd]

There likely won’t be much moving for a while. De-mining operations will take some time to complete. I’ve heard that Iran has placed somewhere between 1000 and 3000 mines in the straight. Estimates, of course. But, regardless of the actual number, the entire thing needs to be carefully mine swept.

Yep, a lane at a time ? Escorted ? Baby steps - but needed …

 

[4wd]

ADNOC on track for their next (Hormuz bypass) pipeline to be operational next year. UAE has said farewell to OPEC.
Expect SA to add more east/west capacity as well.
Some good changes …

 

[thunderfog]

So it's safe to assume these reformulations of the base oils will be.........less good? (from the exxon article)

 

[4wd]

So it's safe to assume these reformulations of the base oils will be.........less good? (from the exxon article)

Well, case in point - with the fairly liberal use of the word “synthetic” in the US market - it was already easy for store brand lubes to add some Grp2+ to Grp3. If they can tweak that even more - and still pass - you bet they will try out the supply chain talents …