Base oil is the main component in the production of lubricants including greases, motor oil and processing fluids. They constitute around 90 percent in lubricants. The American Petroleum Institute (API) has categorized base oils into five categories. Group I, II and III are refined from crude.
Cargo of light and heavy-grade Group II base oils loaded from Taiwan in recent days before heading to Indonesia, set to arrive next week. Taiwanβs...