Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.20.1
INVENTORIES
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES

Inventories included the following:
 
 
March 31, 2020

 
December 31, 2019

 
 
(thousands of dollars)
Raw material
 
$
1,298

 
$
2,100

Work in process
 
139

 
142

Finished products
 
6,925

 
11,382

Total inventory
 
$
8,362

 
$
13,624



Inventory serves as collateral for our amended and restated credit agreement. See Note 11.

Inventory included Specialty Petrochemicals products in transit valued at approximately $1.6 million and $2.9 million at March 31, 2020 and December 31, 2019, respectively.