Issue 161-M

82 / 222

البحـث الأول
مجلة النفط والتعاون العربي
161 العدد - 2017 أربعونالمجلد الثالث و ال
2016 أوابك العلمية لعام� ص لبحوث العلمية الفائزة بجائزة� عدد خا
75
65
Fig (20) - Dated Brent Vs. Re-refined Base Oil - Source ICIS *
It is concluded here, that high crude oil prices may contribute to the decline in
lubricants demand especially when coupled with the availability of better grades
of lubricants. At the same time low crude oil prices reduces base oil prices, virgin
or re-refined and makes the re-refining projects less attractive if any.
Lubricants Supply & Demand:
The country, regional and world demand for lubricants is dependent on many
factors among which are economic growth, population, environmental
regulations, oil prices and the degree of development with respect to
industrialization and urbanization. Another important factor came along as a
result of technological advances in processing, additives technology and the trend
towards increasing drain periods.
It is not the intention here to discuss in details the evolution of lubricants demand
but to see how the forecasts might affect the re-refining industry. In any case there
are more specialized consultants on the subjects and in Table (12) a construction
of the evolution and forecast of lubricants demand from 2002 to 2019 is indicated.
20
40
60
80
100
120
140
160
Jan-13
MarMayJul SepNov
Jan-14
MarMayJul SepNov
Jan-15
MarMayJul SepNov
Jan-16
Brent $/b Domestic $/b Export $/b