Free Base oil prices Trend and Forecast New York
- Location: New York, New York, NY
During the first quarter of 2022, Base Oil Prices increased in the North American market amid the strong demand from the downstream industries and supply constraints throughout the period. In the first half of Q1, values of Base Oil rose gradually, but after the mid-quarter, prices rose steeply due to the inflation in crude oil values in the second half of the quarter. The production cost of Base Oil witnessed because of the volatile crude oil values in the region during Q1. Base Oil discussions got settled at USD 1620 per tonne USA on FOB basis with an increment of 3% from the last quarter values at the end of Q1-2022.
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