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Base Oils are a synonym for base-stocks, they are mixed with additives to form finished
lubricants. Biggest end-use is the automotive sector and there's a big trend right now for
higher quality base stocks, so we're actually seeing some consolidation of our Group 1 Base
Oil plants and a bigger move to Group 2, Group 3 and even gas-to-liquids plants. Automotive
emission standards are the biggest factor affecting base oils. There's also a seasonality
factor. Heavy drive season that's usually May to September, that's when demand is the
strongest for base oils.