Argus launches European Group 3 base oil price assessments

Argus Media announced the launching of European Group 3 base oil price assessments. “The base oil market needs reliable benchmark price assessments to help support the increasing global demand for and international trade in Group 3 base oils. We are pleased to be the first to provide European Group 3 base oil price assessments to facilitate the development of the market,” said Argus Chairman and Chief Executive Adrian Binks. The new prices are published in Argus Base Oils, a global report covering base oil prices in key markets around the world. (May 26, 2010)