Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.19.3
INVENTORIES
9 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES

Inventories included the following:
 
 
September 30, 2019

 
December 31, 2018

 
 
(thousands of dollars)
Raw material
 
$
3,278

 
$
4,742

Work in process
 
157

 
173

Finished products
 
9,850

 
11,624

Total inventory
 
$
13,285

 
$
16,539



Inventory serves as collateral for our amended and restated credit agreement. See Note 10.

Inventory included Specialty Petrochemicals products in transit valued at approximately $3.1 million and $4.1 million at September 30, 2019, and December 31, 2018, respectively.