Organizations involved in the development of North American engine oil specifications have expressed concerns about European plans to use several engine tests in the upcoming ACEA 2018 Oil Sequences, warning that dual use could sap testing resources and shorten the lives of the oil categories. read more
November 7, 2018
Volume 1 Issue 46
Average retail prices for synthetic motor oils in this year’s fourth quarter were up slightly from a year earlier and were substantially lower at the largest big box retailer, compared to the top five automotive parts stores, according to the latest Retail Lubricant Price Tracker data from Petroleum Trends International. read more
Valvoline reported increased operating income, Clean Harbors’ Safety-Kleen segment posted higher revenues, HollyFrontier’s lubricants and special products segment reported lower income from operations and Quaker Chemical’s net income increased, for the quarter ending Sept. 30. read more
Valvoline Inc. completed its previously announced acquisition of Canadian quick lube franchise Oil Changers Inc. The stores will be rebranded as Great Canadian Oil Change. Calumet Specialty Products Partners L.P. appointed Daniel Sheets to the board of directors of its general partner, Calumet GP LLC, on Oct. 29. Sheets previously served as president of Lubrizol Additives.
There were several errors in an article in the Oct. 31 issue about a Kline & Co. report on the global lubricants industry. Kline estimates that the 10 largest suppliers sold almost 50 percent of all finished lubricants in 2017. Synthetic and semi-synthetic products accounted for nearly 50 percent of global passenger car motor oil demand in that year, up from 33 percent in 2015, the firm said, and engine oils used in passenger cars, motorcycles and heavy-duty trucks accounted for 40 percent of global lube demand. Global demand for synthetic and semi-synthetic lubricants is rising partly because of an increasing number of products, which will also help drive future growth in North America.