Volume 6 Issue 6
SSY Base Oil Shipping Report
February 8, 2019The U.S. market is reasonably strong. Europe, on the other hand, is mostly soft with an excess of available space. Asia is now off celebrating the Chinese New Year, but had been fairly robust over the past week.-by Adrian Brown
Asia Forecast to Raise PIB Demand
February 8, 2019Polyisobutylene demand in Asia-Pacific currently lags behind North America and Europe, but is expected to take a big leap forward in the next decade, according to consultancy Kline & Co. Driven by growing additive demand and production capacity, Asia-Pacific will lead in PIB demand by 2028.
Cosmo, Cepsa Consider Cooperating
February 8, 2019Cosmo Oil and Spanish refiner Cepsa are discussing ways of aligning lubricant businesses and may use each other's blending plants to do so.
Balmer Lawrie Operating Profit Declines
February 8, 2019Indian state-run enterprise Balmer Lawrie & Co. reported that third-quarter operating profit from its greases and lubricants segment declined almost 6 percent year on year.
From Other Editions of Lube Report
February 8, 2019Briefly Noted
February 8, 2019Sinopec‘s Great Wall Lubricants signed an agreement with Mercedes-Benz in Fuji to provide after-sales services for certain Mercedes-Benz models. A fire broke out at a RM Level lubricant warehouse in Narayanganj, Bangladesh this week. A reported Tk 6 crore (U.S. $715,000) worth of lubricants were lost in the fire.