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Lube Report

Drum Prices Normalize After Steel Tariffs

Tariffs imposed on lubricants and lubricant additives traded between the United States and China have made an obvious impact on the markets in both countries, but the U.S. industry has also been affected by levies that Washington, D.C. imposed on steel imports.

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Big Oil's Shrinking Share in Andes Region

Except for Venezuela, lubricant demand in South America's Andes region has been growing in recent years, and the biggest beneficiaries have been local suppliers and second-tier foreign marketers. Big international oil majors have lost significant market share for a variety of reasons, including their own pullbacks and the entry of new suppliers.

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Cosan Caps 2018 with Strong Fourth Quarter

Moove – Cosan's lubricant production and distribution arm – capped off an auspicious run in 2018 with a strong fourth quarter, increasing revenue and keeping lubricant volumes steady amid lower demand.

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From Other Editions of Lube Report

Falling Auto Sales Hurt Middle East Lubes

Indonesia Develops EV Policies

UEIL Battles Anti-competitive Practices

Briefly Noted

Chevron Products Co., a division of Chevron U.S.A. Inc., announced Tracey Gardiner succeeded Cary Knuth as vice president of base oils on Jan. 1. The company also named Luyen Vo marketing and business development manager, immediately succeeding Brent Lok, who will retire this April.  Bradford, Pennsylvania-based American Refining Group Inc. said Jon Giberson will succeed Jeannine Schoenecker as president and chief operating officer.  Chevron Phillips Chemical Co. announced Carolyn Burke as senior vice president and chief financial officer effective Feb. 13.

Base Oil Reports

U.S. Base Oil Price Report

The Presidents' Day holiday on Monday, coupled with the start of the ICIS World Base Oils & Lubricants Conference in London, resulted in subdued activity, with many players being away during the week.–by Gabriela Wheeler

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SSY Base Oil Shipping Report

Business has picked up over the past week in Europe, but Asia is slow to gather momentum. The U.S. market is heavily committed to contracts, but less so for spot business. Space is tight all the same.–by Adrian Brown

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