Base Oil Report is a comprehensive marketplace for global base oil reporting and trading. The company also operates the country’s largest lubricant plant. Committee on the Judiciary House of Representatives Congress of the United States March 29, 2000 My name is James Love. Gasoline prices are expected to rise as floodwaters caused by Tropical Storm Harvey forced the nation's largest oil refinery in Port Arthur to shut down Wednesday. Alice Jaasma; Trust Under Last Will and Testament of Ralph Mcewan Appellants v. The Motiva oil refinery based out of Port Arthur, Texas has cut production rates to 60% capacity. Our refinery at Jamnagar processes a wide variety of crude oils and produces a range of petroleum products for exports as well as supply in the Indian market. DMB (marine diesel oil, MDO) is allowed to have traces of residual fuel, which can be high in sulfur. More info and archives. Announces Launch of Group III Synthetic Base Oil Becomes First U. Petrosil Base Oil Report (www. Saudi Aramco advances global chemicals strategy with S-Oil expansion project in Ulsan, South Korea. Base stock products As one of the world's largest manufacturers of base stocks, ExxonMobil has all bases covered. owns the 600,000-bpd Motiva facility in Port Arthur, Texas, cleared analyst Q1 earnings estimates by 48%. Since closing below $46/bbl on August 30th, the price of West Texas Intermediate has jumped by 7%. This lifted Motiva’s. If the price of Group II base oil in the United States and Canada were to increase by 5-10%, blenders of motor oil and other lubricants would not switch to sources of supply outside the United States and Canada in sufficient quantities to prevent the increase. Motiva refines, distributes and markets petroleum products throughout the United States.



Now Playing: Oil and gas prices spike after. US oil imports imports from Middle East increase. Gulf Coast region. Motiva starts sales of Group III base oils from Port Arthur, Texas refinery. (SRI) and Royal Dutch Shell Plc (NYSE: RDS. Developed from a plant-based liquid hydrocarbon foundation with novel properties, NovaSpec™ Base Oils were made to mix. -based refining assets. Department of Energy and Louisiana Department of Natural Resources. period of high oil prices such as in 2007-2008, when. was acquired by Siebel Systems, Inc. The company offers a wide product portfolio that includes kerosene, lubricants, diesel fuels, base oils, naphtha chemical, bitumen, lubricant products, gasoline products and jet fuel. The correlation coefficients of Shell versus WTI, Brent, and Henry Hub natural gas prices stand at 0. Lube Base Oil is also shipped by marine vessels, rail, and tanker truck. - KPC, the Kuwaiti national oil company, has cut January official selling prices for the Kuwait Export Blend (31 degrees API, 2. Motiva could make a final investment decision in 2019, the company said.



0 Planned turnaround maintenance Early began Jan 28 at several un- April specified process units. Gasoline prices are expected to rise as floodwaters caused by Tropical Storm Harvey forced the nation's largest oil refinery in Port Arthur to shut down Wednesday. On June 8, 2000, Wyatt sent a letter to Motiva stating that Moti-va’s purchase of the Cargill terminal had undermined the purpose of the agreement, which, according to Wyatt, was to give Motiva complete control over the. " According to the EIA’s Annual Energy Outlook , oil prices could hit $210 in a worst. Prices would be higher if not for record refinery runs in 2017, said Matt Smith, director of commodity research at Clipperdata. -based projects by Aramco long have been rumored, including into Tellurian Inc. It also provides cross-cutting as well as assembly services for the. Market Research Report Summary. Motiva Enterprises, owned by. and opinions of the. 0893107100_non toxic oil base: 155487 3h 0893107104_grasa alimentaria w-a 278: 137038 h1 0893107105_aceite lubricante alimentario: 154719 3h, h1 08931071_food safe lubricating oil: 126582 h1 08931076_foodstuffs hhs: 140816 h1 0893117406_desengraxante universal fg: 153422 a6 0893117501_0893117502_limpa grelhas. If all goes to plan, it may also become the biggest user of the fossil fuel. Base Oil Price Report. Saudi Arabia has been reducing exports, which is keeping traders on their toes, and helping. Motiva Enterprises, LLC, is a fully owned affiliate of Saudi Refining Inc. 5 percent Sulphur) by 0. The terms upstream and downstream oil and gas production refer to an oil or gas company's location in the supply chain. 5 billion based on an average price between $5,000 and $6,000 per barrel of refining capacity.



Challenges and Solutions in an Upstream and Downstream Oil and Gas Operation The oil and gas industry has lots of influences in the world today. - capacity based on a medium gravity oil Motiva Norco 25 0. Subscribers receive reports by e-mail and a password to the site to access prices, price trends, archived reports, directory databases of buyers and sellers and other base oil statistics and information. Motiva is a US subsidiary of Saudi energy giant Aramco and a regular buyer of Venezuelan crude. VENEZUELA - Oil Pricing. • Motiva Enterprises LLC — the Houston-based refining subsidiary of the state-owned Saudi Arabian Oil Co. If all goes to plan, it may also become the biggest user of the fossil fuel. When prices of vacuum gas oil, a feedstock for manufacturing lubricants, fell by 46 percent from July 2014 through December 2014, for example, prices of Group I 9 base oils fell by only 22 percent. In 1931, Texaco purchased Indian Oil Company, based in Illinois. 1 of 3 Brett Woltjen, production manager of the Motiva oil refinery, at the plant's museum in Port Arthur. Saudi Arabia's Motiva Enterprises said it plans to spend billions of dollars more to expand its Port Arthur Refinery - already North America's largest - and grow more in the petrochemical and. Chad Olson liked this "Success is liking yourself, liking what you do, and liking. REUTERS/Ahmed Jadallah/File PhotoAfter dissolving a partnership with Royal Dutch Shell PLC two years ago, Motiva set out to rebuild and boost market share in the Americas. These base oils are at times mixed with other base stocks to enhance the oil's properties. Prices are updated each weekday (excluding federal holidays), typically between 7:30 and 8:30 a. Prices advanced 3. As the leading source for crowdsourced, real-time fuel prices at more than 150,000 gas station convenience stores in the U. In 1928, Texaco became the first U. Shown here is a sample of the water-white base oil that Excel Paralubes produces. The Pine Bend Refinery in Rosemount, Minnesota, was established as the Great Northern Oil Company in 1955.



Chevron’s products are part of the global base oil slate, which allows base oil interchangeability and equivalency as defined by the API. Oil and fuel prices have diverged since the. Sep 13, 2016 · Saudi Bid on a Houston Oil Refinery Is a Big Strategic Bet. Some here may want to make a few calls to local oil. Motiva can process up to 603,000 barrels of oil a day at its Port Arthur, Texas refinery, the largest in the United States. Motiva Group II Base Oils can be used to formulate API licensed engine oils provided the API guidelines for using these Group II Base Oils has been followed. For information about Base Oils and solutions, please contact us by. oil will be able to reach the market. Mulholland Energy Services will send a cleaning crew to our customer’s drilling site with a hydrovac or vacuum truck to clean the insides and outsides of the tanks so that they can be reused or returned to. With the decline of oil prices in mid-2014, many refinery-related expansions were put on hold. More than a third of Aramco’s oil is currently fed into its fully-owned and joint venture refineries, according to its bond prospectus. Lubes'n'Greases EMEA. This public document was published at a total cost of $1,303. Penthol is the exclusive distributor of Group III base oils of Abu Dhabi National Oil Company (ADNOC), United Arab Emirates in the United States. Shell braces for 'lower forever' oil as profits soar. MKR are the Major UK distributor of base oils for the UK market. Frequency:. Deer Park Refining Limited Partnership is a joint venture of Shell and a subsidiary of Petroleos Mexicanos. Despite a slow and bumpy recovery in oil prices, it reported the largest profit among its peers last year and a jump in revenue from previous years. Some of these refiners had cut their base oils production by 10-20% in October and November last year when gas oil prices surged to a multi-year high.



” “While all base oil refiners besides Motiva held the light grades steady, supply-demand pressures allowed those refiners with high-viscosity production to. As of October 13, 2003, Motiva, Inc. View the daily price of the crude stream traded at Cushing, Oklahoma, which is used as a benchmark in oil pricing. oil company to sell its gasoline nationwide under one single brand name in all 48 states. Motiva owns and operates three refineries in Texas and Louisiana. Equilon Enterprises LLC is a joint venture between Shell Oil Company and Texaco Inc. Lubes'n'Greases EMEA is the first independent regional business magazine for and about the lubricants, base oil, additives and lube packaging industries in Europe, the Middle East and Africa. Chevron’s premium base oils have exceptional oxidation stability, low volatility for a given viscosity grade and are virtually sulfur-free making them an excellent alternative for blending high-. Grace Catalagram® Catalagram ® is the premiere publication covering Grace's catalysts technologies business. Most refineries focus on producing transportation fuels. An authorized Chevron and Neste base oil distributor, Renkert Oil supplies quality products for high-performance engines and industrial lubrication. Deer Park Refining Limited Partnership is a joint venture of Shell and a subsidiary of Petroleos Mexicanos. The terms upstream and downstream oil and gas production refer to an oil or gas company's location in the supply chain. The company carries out refining, distribution and marketing of oil products. Various investments into other U.



The firm has been awarded a new six-year contract to provide project management services for Saudi Aramco’s offshore program. Crude Oil Assay –WTI (from OGJ article) 8 Calculate the Wt% Increment Yield values from the vol% values, the Determine the gas oil wt% increments based on the. San Antonio-based Valero. The base oil is highly isoparaffinic and exhibits a very high viscosity. SINGAPORE - 6 February 2018: Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on Wall Street. Mar 21, 2019 · Refinery outages, whether planned or unplanned, can have a huge impact in the oil market and plants routinely delay or accelerate maintenance to maximize profit based on oil and fuel prices. Gulf coast. Interest for storing key components for blending 0. Motiva is wholly owned by affiliates of Saudi Aramco. Inventories Reflect Weak Demand By Investing. Chapter 313, the Texas Economic Development Act, is Texas’ largest corporate tax break program, with a lifetime cost to the state of more than $7 billion so far. In the summer of 2016, prices for US biofuel credits (RINs) hit levels of around $1. A turbine oil formulated with Group I base oil typically fails in less than 7,000 hours. 5 percent lower on Tuesday as the market grappled with the shutdown of more than 16 percent of refining capacity in the United States after a hurricane ripped. Motiva is wholly-owned by affiliates of Saudi Aramco. Petrosil Base Oil Report (www. Department of Energy and Louisiana Department of Natural Resources. Fuel price pinching? This is what global oil market trend signals for the days ahead Experts are looking for the price to go ahead and settle above $50 a barrel. Highlights Motiva Enterprises LLC (Motiva) is an energy company.



kerosene, diesel fuel, motor oil, asphalt, and waxes. The 630,000 b/d Port Arthur facility in Texas, operated by Aramco subsidiary Motiva, is the US' largest refinery. The Price You Pay - Saudi Crude Price Formulas Tuesday, 03/24/2015 Published by: Sandy Fielden Ever since crude oil prices began their precipitous fall in June 2014 market watchers have picked through the tealeaves of every OPEC statement - particularly those of Saudi Arabia - for signs of a change in policy. Motiva Enterprises LLC, Oil & Gas, Deals by Type, 2013 to YTD 2019 Download our eBook: How to Succeed Using Market Research Learn how to effectively navigate the market research process to help guide your organization on the journey to success. West Texas Intermediate (WTI) crude was down 3 cents, or 0. Wholesale Fuels to Serve as Wholesaler. dollars based upon Bloomberg's conversion rates. SHELL OILPRODUCTS CO. All terms, conditions, offers, pricing, transactional procedures are examples and may not represent current opportunities and are subject change without notice. The latest Tweets from Judith Taylor (@ICIS_judith). but crude oil prices have fallen because producers have had fewer places to sell their product. The Public GIS Viewer allows users to view oil, gas and pipeline data in a map view. Motiva is wholly owned by affiliates of Saudi Aramco. This is a change of -0. The Price Increase Quandary The nearly back-to-back increases in base oil prices over the last few weeks have put many lubricant manufacturers in a pricing Read More » Add Castrol to the list of announced price increases in Round 1 for 2019. Motiva, Inc. Oil and gas companies are usually divided into one of three groups, upstream.



or Saudi Aramco, announced plans to end their long-standing fuel partnership by breaking up Houston-based Motiva. Mulholland Energy Services will send a cleaning crew to our customer’s drilling site with a hydrovac or vacuum truck to clean the insides and outsides of the tanks so that they can be reused or returned to. The Pine Bend Refinery in Rosemount, Minnesota, was established as the Great Northern Oil Company in 1955. Ultra-S base oil is a product that can be marked as ‘synthetic oils’ according to the decision of NAD (National Advertising Division) and blended in high quality FL products. Saudi Aramco and Shell have a long history of working together, from the SASREF refinery in Jubail, Saudi Arabia to the Showa Shell venture in Japan, but tensions at Motiva between the two have been growing since a major upgrade at the Port Arthur refinery spiralled into a series of setbacks and doubled costs to US$10 billion. Motiva is a US subsidiary of Saudi energy giant Aramco and a regular buyer of Venezuelan crude. Base oil market prices, news and analysis Motiva first raised its Group III 4cst and 6cst prices by $0. 00) with Petroleum Violation Escrow funds as part of the State Energy Conservation Program as approved by the U. Chevron initiated a slightly surprising second increase in less than a month, while SK communicated a price hike for its API Group II+/III oils. Background The United States is one of largest producers and consumers of crude oil in the world. Salary estimates are based on 1,167 salaries submitted anonymously to Glassdoor by Process Operator employees. Motiva Group II Base Oils can be used to formulate API licensed engine oils provided the API guidelines for using these Group II Base Oils has been followed. Department of Energy and Louisiana Department of Natural Resources. These posted prices are crucial to any wholesale fuel supply deal with your suppliers to ensure fairness and accuracy. 67 per barrel in October – is the New York Mercantile Exchange (Nymex) contract and spot price for West Texas Intermediate, a fairly low-sulfur, high-gasoline content crude that is one of three major global benchmarks used by oil producers as the basis for pricing. Courtney Delage Base Oils Analyst at Motiva Enterprises LLC Port Arthur, Texas Bridget Price. Lubes'n'Greases EMEA is the first independent regional business magazine for and about the lubricants, base oil, additives and lube packaging industries in Europe, the Middle East and Africa. My international crude sales agreement are based on Brent (DTD) , TAPIS and or other benchmarks that are 6-10$/bbl more than WTI and adjusted or. Or in turn purchasing domestic oil at the highest prices reasonably possible, offset by artificially low transfer prices for Saudi oil imports permitting Motiva's P&L to reflect industry norms. Oil Market Cuts Exports to 30-Year Low By.



Oil and gas companies are usually divided into one of three groups, upstream. Oil Refineries Our firm has been appraising refineries for almost 40 years, from Texas to Alaska. 0 Planned turnaround maintenance Early began Jan 28 at several un- April specified process units. Oil continued to creep up this week with Brent going past $42 per barrel, its highest level since early December. GasBuddy is the company that helps consumers avoid paying full price for fuel. About Motiva Enterprises LLC. First Base Oil On November 7th, Motiva announced a base oil price decrease of 25 to 38 cents a gallon, depending on grade. Oil and gas have direct influence on every other commodity in the market. NEW YORK, June 17 (Reuters) - Global oil majors Chevron Corp and Royal Dutch Shell Plc are putting small refineries on the auction block as they look to trim lower-margin assets in the face of. Chevron initiated a slightly surprising second increase in less than a month, while SK communicated a price hike for its API Group II+/III oils. Texaco bought Seaboard Oil Company in 1958. Shell announces the completion of the transaction to separate Motiva assets May 04, 2017 Royal Dutch Shell plc ("Shell") announces today the completion of the transaction for the separation of assets, liabilities and businesses of Motiva Enterprises LLC (“Motiva”). EHC™ base stocks are part of a global Group II slate as defined within API/ATIEL guidelines for formulation and qualification of automotive and engine oil lubricants. This month, against what once seemed impossible odds, it starts production. Woodford Oil Co.



This increase comes on the heels of Motiva announcing a price increase for Group II and Group III postings of 10cpg and 5cpg,…. There is no merit in such a business for any MENA-based oil company. With the Equilon / Motiva distribution system, at each distribution center, tankers would fill up with the required base fuel, to which additives specific to the particular brand were added. The per share price represents a 42 percent premium over the $15. VENEZUELA - The Trans-National System: Internationalisation Background. Unadditized Group I base oils fail in about 200 hours. 91 per barrel at. DMA (also called marine gas oil, MGO) is a general purpose marine distillate that must be free from traces of residual fuel. ” Saudi prices are tied to the prices of US domestic crudes. Motiva Enterprises LLC, a joint venture between Shell Oil Company, Texaco Inc. Motiva Enterprises, owned by Saudi Arabia's national oil company, is no longer considering a massive expansion at its oil refinery in Port Arthur, looking instead to buy other refineries or build. Oil Prices; Equipment. James Love Center for Study of Responsive Law Prepared Statement for hearing on: Solutions to Competitive Problems in the Oil Industry. CONVENT, La. competition in the refining and marketing of Group II paraffinic base oil. Oil re-refining reduces greenhouse gases and heavy metal emissions when compared to burning used oil as fuel. As the leading source for crowdsourced, real-time fuel prices at more than 150,000 gas station convenience stores in the U. Oil and gas have direct influence on every other commodity in the market. 5 percent lower on Tuesday as the market grappled with the shutdown of more than 16 percent of refining capacity in the United States after a hurricane ripped. 62 a barrel on the London-based ICE Futures Europe exchange.



UPDATED, 4:04 p. divestment plan, its Motiva asset division, its stock’s rise. Some here may want to make a few calls to local oil. Saudi Aramco last year said it would invest $18 billion in Motiva's Port Arthur refinery, which can process up to 603,000 barrels of crude oil per day (bpd). HOUSTON--(BUSINESS WIRE)--Motiva Enterprises LLC announced today it has expanded its Motiva STAR base oils portfolio to include Group III premium base oils. But, is also dependent on refinery production capacity, current available supply, and the API Group quality level. These include significant downstream oil operations such as Motiva Enterprises LLC, which operates a major refinery in the state of Texas. The same dynamic holds for lubricants: in general, product prices should fall more moderately—and more slowly—than the costs of base oils and. Motiva has already been reducing production at the 603,000 barrel per day (bpd) Port Arthur, Texas, refinery as flood waters continued to inundate the area. category Motiva Enterprises, Shell Oil Co/. Oil and gas companies are usually divided into one of three groups, upstream. Motiva, based in Houston, was chosen by Curacao from a list of interested companies as the “preferred bidder” to run the refinery from 2020 or possibly before, if a separate agreement is reached, according to the Antilliaans Dagblad newspaper. It is a joint venture between Saudi Refining, Inc. How are Bunker Fuel Suppliers and Ship Owners Meeting the Challenges?. Refining and petrochemical margins are countercyclical to oil prices and represent a hedge against low oil prices. The firm has been awarded a new six-year contract to provide project management services for Saudi Aramco’s offshore program. Gulf Coast. Its parent company, Royal Dutch Shell plc, is a publically traded company on the New York Stock Exchanges using the symbol “RDS. There are thousands of miles of flow lines and gathering lines moving oil and gas from the wellhead to separating facilities while other pipelines transport chemical products with no petroleum base.



” An expansion of the Motiva refinery in Texas has provided a fillip to US demand. Motiva, based in Houston, was chosen by Curacao from a list of interested firms as the "preferred bidder" to run the refinery from 2020 or possibly before, if a separate agreement is reached, according to the Antillians Dagblad newspaper. With all the red tape associated with construction, it is no wonder that the last new refinery built in the U. refineries produce, from a 42-gallon barrel of crude oil, about 19 to 20 gallons of motor gasoline , 11 to 12 gallons of distillate fuel , most of which is. Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. (SRI) and Royal Dutch Shell Plc (NYSE: RDS. Army Corp Engineers (2006) • Screen & Crush 300,000+ cubic yards limestone for levy construction. More than a third of Aramco's oil is currently fed into its fully-owned and joint venture refineries, according to its bond prospectus. Previously, it was a 50–50 joint venture between Shell Oil Company (the wholly owned American subsidiary of Royal Dutch Shell ) and Saudi Refining Inc. 6 (UPI) --Crude oil prices continued to recover Wednesday in response to weather events in a U. Use the independent price assessments and market coverage in our price reports to track the regional Base oils-Lubes market. Oil and gas companies are usually divided into one of three groups, upstream. Chevron’s products are part of the global base oil slate, which allows base oil interchangeability and equivalency as defined by the API. Same is true for Rotella vs oil supplier label. Contact Us. The firm has been awarded a new six-year contract to provide project management services for Saudi Aramco’s offshore program. But, is also dependent on refinery production capacity, current available supply, and the API Group quality level. than 50%, phase out coal and halve the use of mineral oil (MoEE 2017). Re-refining is a better way to manage used oil.



On the other hand, re-refiners benefitted from reduced resid prices which serve as a leading proxy for used oil supplied to re-refiners,” said Ian Moncrieff, who manages Kline’s price forecasting activities. Snapping up refining capacity in the U. Our terminals have multi-modal (pipeline, truck, rail and light oil barges) capabilities, as well as art blending operations for our ethanol supply and biofuel supply. Refining will remain profitable. Aug 28, 2017 · Hurricane Harvey's effects on energy markets will mostly likely be felt with rising gasoline prices but oil production and transportation could take a hit. subsidiary) assumes full ownership of the Motiva Enterprises LLC name and legal entity, including the refinery at Port Arthur, Texas and 24 distribution terminals. Motiva Port Arthur 285. Growing Canadian oil exports to U. Base Oil Price Report. This statistic outlines the refining capacity of the leading 20 crude oil refining companies worldwide in 2014. More info and archives. DYM Resources is focused on sourcing from Russia, Turkmenistan and Uzbekistan and selling base oil globally in bulk, flexi-containers, iso-containers, rail tank cars and trucks. The Motiva Enterprises facility, shut down during the hurricane, is the. But, is also dependent on refinery production capacity, current available supply, and the API Group quality level. This increase comes on the heels of Motiva announcing a price increase for Group II and Group III postings of 10cpg and 5cpg, respectively, on March 14th. The proposed unit would convert crude oil from Texas shale fields into refined products, including diesel and gasoline. 21: Motiva Enterprises, a Texas-based oil refiner and distributor, has sold a refined petroleum products terminal in Greenpoint for. We make hundreds of safe, reliable energy and related products and services. refinery, but was unable to secure the price it desired, according to sources.



DMX and DMA fuels are primarily used in Category 1 marine engines (< 5 liters per cylinder). Crude oil production in the Gulf of Mexico fell by ~400,000 BPD during the storm but has since recovered all but about 100,000 BPD. Motiva refines, distributes and markets petroleum products throughout the United States. WTI oil prices declined by 0. ” The news came as Saudi industry sources told Reuters that Saudi Arabia planned to reduce the amount of oil it uses domestically by hiking fuel and electricity prices, as well as by increasing the use of gas. GasBuddy is the company that helps consumers avoid paying full price for fuel. Saudi Arabia has assured itself a market in the US by accepting the “new normal. Posted Base Oil Prices, as reported in Lube Report, and WTI and Brent Crude Spot Prices, as reported by the U. Motiva Fact Sheet Turn the Valve Ceremony Motiva Port Arthur Refinery Crude Expansion Project Motiva Port Arthur Fact Sheet SITE PROFILE The Port Arthur Refinery celebrated its 100th anniversary on November 13, 2003. This increase comes on the heels of Motiva announcing a price increase for Group II and Group III postings of 10cpg and 5cpg, respectively, on March 14th. A gas station located far from a terminal is going to pay a higher fuel rack price than one located just down the street. SHELL OILPRODUCTS CO. Motiva Enterprises LLC, a joint venture between Shell Oil Company, Texaco Inc. CARE Ratings does not undertake unsolicited ratings. Chevron's ISODEWAXING® catalyst has revolutionized base oil quality. Chevron's products are part of the global base oil slate, which allows base oil interchangeability and equivalency as defined by the API. Motiva, Exxon Mobil, Valero, Total cease operations-NEWS TV Gasoline prices are expected to rise as floodwaters caused by Tropical Storm Harvey forced the nation's largest oil refinery in Port. The Star Enterprise operation and Shell's eastern and southeastern operations were merged into a company called Motiva. Motiva Enterprises Adds Group III Base Oils to STAR Portfolio. Shell Scotford uses a hydrogen-addition process at Scotford to upgrade bitumen from oil sands mines north of Fort McMurray.



Chapter 313, the Texas Economic Development Act, is Texas’ largest corporate tax break program, with a lifetime cost to the state of more than $7 billion so far. US Gulf Coast Ultra-Low Sulfur No 2 Diesel Spot Price is at a current level of 1. Crude Oil prices to trade lower. We're going to see sharply lower prices," said Tom Kloza, chief oil. This step marks a major milestone toward closing the. The refinery has a dock facility in Port Arthur, Texas allowing for waterborne delivery of products. Oil Market Cuts Exports to 30-Year Low By. GasBuddy is the company that helps consumers avoid paying full price for fuel. Amounts shown in italicized text are for items listed in currency other than U. Background The United States is one of largest producers and consumers of crude oil in the world. Asset Integrity Intelligence | Inspectioneering LOG IN. 62 a barrel on the London-based ICE Futures Europe exchange. For refiners this translated into an additional cost of operations of $3–4/barrel of crude processed. Oil Prices; Equipment. , and Equiva Services, L. Motiva is wholly-owned by affiliates of Saudi Aramco. Motiva Announces Base Oil Increase Motiva announced an increase on posted base oil prices today. The US imposed sanctions on Venezuela state-owned oil company PDVSA on January 28, including an immediate ban on US exports of diluent to Venezuela and a de facto ban on US imports of Venezuelan crude. 7 million tonnes per year, representing 14 per cent of global base oil demand. Opportunistically situated at Port Arthur with its access to the world's shipping lanes, it is strategically placed to export petroleum-based commodities such as gasoline, diesel, heating oil, etc. Motiva Base Oil Prices.