Home Events Training Base Oils Training Course Series II In-person – agenda
Home Events Training Base Oils Training Course Series II In-person
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Base Oils Training Course Series II In-person

8:30 Registration and Refreshments

9:00 – 9:45 Refresher: Base Oils I Terminology & Technology

  • Crude and base oil naming conventions
  • Technology, key properties, and where they’re controlled
  • API Groups: the detailed definitions

9:45 – 10:45 Volatility Requirements – Industry Game Changer

  • The technical details of viscosity index (VI)
  • Volatility: another base oil property to understand
  • VI – Volatility – Viscosity relationships

10:45 – 11:00 BREAK / Open Forum

11:00 – 12:00 Global Quality Driver: Engine Oils

  • Viscosity measurement under different conditions
  • Putting it together: SAE J-300 Engine Oils
  • Why engine oil quality matters to all other base oil sectors

12:00 – 13:00 Base Oil Pricing Mechanisms

  • Fundamental mechanisms – what sets base oil price?
  • Price ceilings: buyers (finished lubricants. process oils)
  • Price floors: sellers (base oil refiners & marketers)
  • Fate of high-cost producers in oversupplied markets

13:00 – 14:00 LUNCH

14:00 – 14:45 Base Oil Refining Profitability

  • Profit basics: revenue less expenses
  • Fuels versus lubes: who pays for what?
  • By-products from base oil plants
  • Profitability exercise: Which API plant is most profitable?

14:45 – 15:15 Discussion: Results from Base Oil Profit Exercise

  • Comparison of Group I, II, III profits
  • Changes in profits based on crude and product pricing

15:15 – 15:30 BREAK / Open Forum

15:30 – 16:15 Supply & Demand Forecasting Methodology

  • Current global supply and demand
  • Recent capacity additions, more capacity announced
  • Example: A simplified 2030 base oil forecast

16:15 – 17:00 Future Trends: Survival of the Fittest

  • Unintended consequences from hydroprocessing
  • Re-refined, bio-based, and Group V synthetic base oils

17:00 End of Base Oils II programme