Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
 3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consisted of the following:
  March 31, 2021 December 31, 2020
  (thousands of dollars)
Raw material $ 1,592  $ 2,580 
Work in process 171  138 
Finished products 9,976  10,227 
Total inventories $ 11,739  $ 12,945 
Inventory serves as collateral for our amended and restated credit agreement. See Note 11.
Inventory included Specialty Petrochemicals products in transit valued at approximately $2.5 million and $3.6 million at March 31, 2021 and December 31, 2020, respectively.