Home August 31, 2016

August 31, 2016

Volume 16 Issue 35

U.S. Base Oil Price Report

The dust seems to have settled following Chevrons increase announcement last week, without other U.S. producers stepping out to revise posted prices this week.Chevron raised its API Group II 100R, 220R and 600R grades by 20 cents per gallon on Aug. 24, taking some players by surprise.Some market participants conjectured that climbing crude oil prices in the previous weeks,...

EMEA Base Oil Price Report

As European, Middle Eastern and African base oil markets come back to life, buyers and sellers are taking stock of availabilities and prices of various types of products.Crude levels show no real momentum in either direction. OPEC will meet next week, but with OPEC producers such as Iraq and Libya now rejoining the major producers and U.S. producers ramping...

SSY Base Oil Shipping Report

European coastal markets have seen a marginal improvement in demand, while the U.S. has been quieter as both sides take stock of open positions and potential demand for September. Asia remains slow.U.S. GulfWith almost all of the space to the Far East remaining in August having been covered, the market has sat back to see what space will be...

EPA Phase 2 Tightens Standards for Trucks

The U.S. Environmental Protection Agency and National Highway Traffic Safety Administration jointly adopted a second round of standards for medium- and heavy-duty vehicles that will cut carbon pollution and improve fuel efficiency, while bolstering energy security and spurring manufacturing innovation. The new rulemaking was issued Aug. 16, and addresses trucks made from model years 2021 to 2027.According to the...

Azerbaijan Hints at Modern Lube Production

Azerbaijans economy ministry recently said the state-sponsored Sumqayit industrial park could include construction of a lubricant blending facility, weeks after a state investment promotion fund announced plans to build an API Group II/III base oil plant at the same location. Some market observers expressed doubts about the viability of the two projects.Located near the capital of Baku on the...

Nynas Posts Lower Naphthenic Sales

Nynas posted a loss in operational cash flow for its naphthenics unit during the second quarter, citing lower margins and lagging market prices.The companys naphthenics business unit - which supplies mostly naphthenic base oils - posted a loss in earnings before interest, taxes, depreciation and amortization of 131 million Swedish krona (U.S. $15.3 million), compared to EBITDA of 49...

Tianhe Debuts Dubai Production

Chinese additive manufacturer Tianhe Chemicals began streaming at its production facility in Dubai, United Arab Emirates, earlier this week.Originally slotted to stream earlier this year, Tianhe increased its initial planned capacity in Dubai from 30,000 metric tons of additive components and packages per year to approximately 35,000 t/y, CEO G.S. Ravi told a reporter last week.The first batch will...

AFPM Committee Changes Name, Conference

The AFPM Lubricants Waxes Committee voted to change its name to the AFPM Base Oils & Waxes Committee. The 2016 annual conference in Houston Nov. 10-11 will remain AFPM International Lubricants & Waxes Conference. This will be the last year American Fuel & Petrochemical Manufacturers holds a stand-alone base oil and waxes conference. In 2017, its base oil and...

Briefly Noted

One of Valvolines 75 certified distributors, New West Oil, opened a new warehouse in Las Vegas, Nevada. Flyers Energy, LLC, began deliveries of ExxonMobils Mobil lubricants in California and Nevada, where it collectively houses 21 warehouses.
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