US White Oil Prices Advance as Import Costs Continue to Climb

The USA White Oil market is anticipated to strengthen further through July **** as rising import costs and firm logistics expenses continue to outweigh softer upstream crude oil values. This follows a *.*** increase in White Oil prices during the week ending July *, ****, when higher landed costs offset otherwise favorable feedstock economics.

Supply-side dynamics were primarily influenced by import economics rather than domestic production costs. Although benchmark WTI crude oil prices declined during the assessment period, reducing base oil production and replacement costs, the expected downward pressure on White Oil prices failed to materialize. Instead, importers faced significantly higher logistics expenses as container freight rates from India to the United States increased by approximately *** between May and June, raising the landed cost of imported cargoes. Since the U.S. market relies on a steady flow of imported White Oil grades to complement...