Base Oils and Mini-Bottles

摘要

Each year,members of your Board are assigned a topic for their"Board Brief".This year,I drew base oils.Based on the"fun factor,"I drew the"short straw."As I write this column,the price of crude oil moved from 113.40 to 114.80 per barrel.Last August,the price was just under 70.While many base oil market observers would peg the refiners'spread for base oils more closely to vacuum gas oil(VGO),let's face it-it all starts as crude.