In Q2 2024, the U.S. base oil price trend hit 1732 USD/MT, driven by rising crude costs and geopolitical tensions. China saw a rise to 818 USD/MT due to supply limitations and increased demand. Q4 2023 showed volatility, with the U.S. at 1576 USD/MT, China at 800 USD/MT, and Saudi Arabia at 1405 USD/MT. https://www.imarcgroup.com/base-oil-pricing-report