US base oil posted prices plummet on sharp crude decline, sidelined demand

摘要

HOUSTON (ICIS)—US base oil posted-price decreases that emerged this week are among the steepest in ICIS price data history as oil oversupply fears triggered by a crude price war have met with halted demand because of coronavirus. Producers issued separate posted-price decreases ranging from 40-60 cents per gallon in response to collapsing crude prices alongside weak demand.