Volume 1 Issue 46
SSY Base Oil Shipping Report
November 7, 2018A couple of routes out of the United States have moved up a gear this week, and prompt space is gradually disappearing from the Asian market. Europe, however, is inundated with ships and rates remain weak.-by Adrian Brown
ACEA Use of ILSAC Tests Draws Concerns
November 7, 2018Organizations 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.
Retail Prices for Synthetic Motor Oil Edge Up
November 7, 2018Average retail prices for synthetic motor oils in this years 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.
Q3: Valvoline, Clean Harbors, Quaker, HollyFrontier
November 7, 2018Valvoline reported increased operating income, Clean Harbors Safety-Kleen segment posted higher revenues, HollyFrontiers lubricants and special products segment reported lower income from operations and Quaker Chemicals net income increased, for the quarter ending Sept. 30.
From Other Editions of Lube Report
November 7, 2018Briefly Noted
November 7, 2018Valvoline 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.
Correction
November 7, 2018There 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.