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Suppliers Limit Motor Oil Ingredient Deliveries
Two major suppliers have reduced shipments of a key ingredient for high-end motor oil to minimal levels. The reductions follow ongoing effects from the Iran conflict on a specialized segment of the crude oil market.
May 19, 5:21 PM·1m read1 source
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Two major suppliers have reduced deliveries of a key ingredient used in high-end motor oil to minimal levels. The reductions come as the Iran conflict continues to affect a specialized segment of the crude oil market.
The ingredient is essential for producing certain grades of motor oil that require specific performance characteristics. Deliveries from the two suppliers have been cut to the lowest operational levels while the conflict persists.
Market participants are monitoring the situation for any further changes in availability. No additional suppliers or specific delivery volumes were identified in the reporting.
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