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Fuel for Thought

机译:思想的动力

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摘要

It is frequently said in the base oil industry that decisions affecting supply often have little to do with base oils. Often, they are made by refiners who are more focused on fuels. In other words, base oils are a tail that does not wag the dog. It behooves those in the base oil market, then, to pay attention to big refining trends. The biggest these days ― of the past few decades, to fact — is the shift to cleaner fuels. In an attempt to stem air pollution, nations throughout the developed world are adopting stricter regulations on the content of automotive fuels. Those regulations are forcing refiners to spend tens of billions of dollars, and some of those dollars will inevitably affect base oils. Compared to a few years ago, analysts have scaled back on the degree of impact projected, but they still predict significant changes for base oils. They forecast reinforcement of the most important recent trends in the base oil industry: increased supply of premium stocks and elimination of more Group Ⅰ plants.
机译:在基础油行业中常说影响供应的决策通常与基础油无关。通常,它们是由更加专注于燃料的精炼厂制造的。换句话说,基础油是不会摇动狗的尾巴。因此,理应关注基础油市场的大炼油趋势。实际上,这是过去几十年中最大的日子,是转向清洁燃料。为了防止空气污染,发达世界的各国都在对汽车燃料的含量采取更严格的规定。这些法规迫使炼油厂花费数百亿美元,其中一些美元不可避免地会影响基础油。与几年前相比,分析师已缩减了预计影响的程度,但他们仍预测基础油的重大变化。他们预测基础油行业最近最重要的趋势将得到加强:优质库存的增加供应和更多的Ⅰ类工厂的淘汰。

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