Luberef to list Argus-derived base oil prices
DUBAI, United Arab Emirates, Aug. 1, 2023 /PRNewswire/ -- Saudi Aramco base oil company Luberef is to start publishing base oil indexes derived from spot price assessments produced by global energy and commodity price reporting agency Argus.
- DUBAI, United Arab Emirates, Aug. 1, 2023 /PRNewswire/ -- Saudi Aramco base oil company Luberef is to start publishing base oil indexes derived from spot price assessments produced by global energy and commodity price reporting agency Argus.
- The prices will appear on Luberef's website to help provide transparency to base oil market dynamics for its investors.
- Luberef is also a member of the Saudi Aramco base oil alliance, along with Saudi Aramco affiliates Motiva and S-Oil.
- Argus base oil prices are widely used around the world in contracts to price physical base oils.