Home August 24, 2016

August 24, 2016

Volume 16 Issue 34

U.S. Base Oil Price Report

Chevron announced that it would increase its API Group II posted prices this week. The announcement took a few base oil participants by surprise, as the market had been fairly quiet.Chevron will raise its Group II 100R, 220R and 600R grades 20 cents per gallon, effective Aug. 24, to reflect the current supply/demand balance and market conditions, a company...

EMEA Base Oil Price Report

As players in European, Middle Eastern and African markets trickle back to their desks, prices are described as softer, with some grades weakening considerably under buyer pressure.With dated deliveries of Brent crude moving through the $50 per barrel barrier last week, some pundits predicted more climbs. The picture has been muddied, however, by West Texas Intermediate crude dipping to...

SSY Base Oil Shipping Report

The week was agonizingly slow in parts of Europe and Asia. The United States rush of last-minute fixing to Asia was insufficient to stop rates from sliding further, but the great clear-out of tonnage from the Gulf Coast might just have stopped the rot.U.S. GulfIn some ways, it has been an interesting week on the U.S. Gulf-to-Asia service. It...

Diesel Engine Oil Oxidation Test Adopted

As a part of the new API CK-4 and FA-4 heavy-duty diesel oil categories, a newly proposed ASTM International test standard (WK52873) has been introduced - the first oxidation test in the United States to run on diesel.The Volvo T-13 Engine Test Method for Evaluation of Diesel Engine Oils will be used to evaluate oxidation performance characteristics. The ASTM...

Growth Forecast for Transformer Oils

The global transformer oil market will grow at a compound annual rate of nearly 9 percent from 2016 to 2020, with mineral-based oils continuing to dominate, a market research firm projected. Silicone and biobased transformer oils are expected to grow at slightly faster rates while remaining smaller shares of the market.The study estimates are based on the demand for...

Mixed Results for BASF

BASFs performance products segment reported higher income from operations for the second quarter, while income from operations was down for its chemicals segment, compared to year-earlier results.The companys performance products segment posted 486 million in income from operations in the second quarter, up 32 percent. The chemicals segment was down 15 percent at 467 million.Sales in the performance products...

Participation in European Quality System Rises

During the first six months of this year, 22 lubricant marketing companies signed a letter of conformance to confirm compliance with the European Engine Lubricants Quality Management Systems requirements, compared to 26 in the previous 12 months.ATIEL, the European lubricants industrys technical association, administers the system on behalf of the automobile, lubricant and lubricant additive segments.New signatories in 2016...

Briefly Noted

A-76 Technologies, Inc. changed its name to Aidant Brands and rebranded its lubricants and coatings from A-76 to Rust Patrol. Gulf Petrochem Group, the United Arab Emirates-headquartered maker of Ipol lubricants, will distribute the brand in the U.A.E. and Oman through five-year partnerships with U.A.E.s NGC Energy and Omans National Gas Co. SAOG, which both aim at delivering 1,200...

Editor’s Note

Beginning this week, news articles in Lube Report will include live links for companies listed in the Lubricants Industry Directory, LubesnGreases list of suppliers in the global lubes industry. LubesnGreases offers both free and paid listings in the directory. For information about listing a company, contact Web & Data Products Managing Editor Michele Persaud at mpersaud@LubesnGreases.com.
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