Volume 2 Issue 7
SSY Base Oil Shipping Report
February 12, 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
Bright Stock Shortfall Still Growing
February 12, 2019Bright stock supply volumes fell by around 15 percent since 2005, and according to one industry veteran, the global markets shortfall for that material will continue to grow.
Europe Still Skeptical of Industry 4.0
February 12, 2019A large majority of European manufacturers - but not those in Russia - are adopting some form of Industry 4.0 technology, yet many believe these technologies will increase both up-front and ongoing maintenance costs, according to a study by Shell.
BP’s Lube Earnings Fall
February 12, 2019BPs lubricant business profits decreased 20 percent to $311 million in the fourth quarter, down from $375 million during the year-earlier period.
From Other Editions of Lube Report
February 12, 2019Briefly Noted
February 12, 2019United Arab Emirates-owned ENOC and Houston-based BHGE signed an agreement to co-develop a real-time lubricant monitoring system called VitalyX. The system will be designed for use in multiple industries using large machinery to detect lubricant properties. Shrewsbury, United Kingdom-based Morris Lubricants appointed Chris Slezakowski as managing director.