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Shell to Hike Finished Lube Prices

Shell notified U.S. customers this week that prices for its finished lubricants will generally increase by up to 5 percent effective Feb. 20. The company attributed the adjustment in part to increasing costs of raw materials used in the production and delivery of its products. Read More

Survey Spotlights Ukraine, Kazakhstan Markets

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Ukraine consumed 136 million liters and Kazakhstan consumed 42 million liters of engine oils for on-road vehicles in 2015, according to Moscow consultancy Autostat, which surveyed the two countries for the first time. Read More

Brazil Raises Minimum Oil Standard

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Brazil’s National Agency of Petroleum, Natural Gas and Biofuels raised the minimum performance levels for lubricants sold in Brazil, effective from the end of 2016, requiring them to meet API SL, API CH-4 or corresponding international standards. Read More

HollyFrontier Makes Senior Management Changes

HollyFrontier announced changes to its management team related to its pending acquisition of Suncor Energy’s Petro-Canada Lubricants. Mark Plake will resign as president of subsidiary Holly Logistics Services to preside over Petro-Canada Lubricants. President and CEO of HollyFrontier George Damiris will take Plake’s role. Richard Voliva III will be promoted to executive vice president and CFO of HollyFrontier, effective March 1. He replaces Douglas Aron, who will pursue work outside the company but provide consulting and transition services through the end of the year.