INVENTORIES

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories included the following:

	September 30, 2020		December 31, 2019
	(thousands of dollars)
Raw material	$	2,543	$	2,100
Work in process	122		142
Finished products	8,445		11,382
Total inventory	$	11,110	$	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 $2.8 million and $2.9 million at September 30, 2020 and December 31, 2019, respectively.