Home September 7, 2016

September 7, 2016

Volume 16 Issue 36

U.S. Base Oil Price Report

The U.S. base oils market was expected to regain a more dynamic rhythm following the Labor Day holiday, with suppliers hoping that orders would pick up as the week progressed.Posted prices were assessed as stable this week, and no initiatives have emerged following Chevron's increase on Aug. 24 - which was thought to have been prompted by an upcoming...

EMEA Base Oil Price Report

Even with participants back at their desks, the European, Middle Eastern and African base oil scene is sluggish with few major transactions reported.Dated deliveries of Brent crude retracted around $2 per barrel to $47.35 per bbl. West Texas Intermediate crude moved in tandem to $44.90 per bbl. ICE LS Gas Oil stands at $410 per metric ton in September...

SSY Base Oil Shipping Report

It has mostly been a week of further slippage in some U.S. routes and sideways movements in Europe and Asia.U.S. GulfIt has not exactly been a busy week on the route to the Far East. Products such as styrene failed to show. Evidently, supplies are tight in the U.S. Gulf in September and selling prices are too high to...

Challenges Ahead for Brazilian Market

Several key trends in the lubricants and base oils industry as well as a slowing local economy are causing the Brazilian market to experience a decline in demand, and producers, suppliers and distributors will have to make adjustments, an official from consultancy LubeKem forecast.Claudio Pereira, director of So Paulo-based LubeKem, said demand for finished lubricants in Brazil declined by...

Tanzania Closes Counterfeiting Ring

The Tanzanian Bureau of Standards shut down a lubricants manufacturer and confiscated substandard, counterfeit lubricants from distributors as a result of market surveillance and inspection efforts in the African countrys Ilala and Temeke districts.TBS Public Relations Officer Rhoida Andusamile confirmed to a reporter that the bureau seized 21,587 liters of lubricating oil from distributors and shut down Temeke Battery...

Texas Refinery Corp. Moves to Expanded Plant

FORT WORTH, Texas - Grease manufacturer Texas Refinery Corp. will hold the grand opening ceremony for its new production facility in Mansfield, Texas, this week.On Sept. 9, ninety-four years to the day of the Fort Worth-based firms 1922 launch, TRC will celebrate the official commencement of its revamped grease, lubricants and specialty chemicals manufacturing base some 20 miles from...

Russian Police Thwart Fake Lubes Operation

Russian police shut down a business in an old warehouse in Togliatti, Samara Oblast, last week that allegedly manufactured counterfeit motor oils of popular brands.The investigative committee of the Ministry of Internal Affairs for Togliatti said the facility unlawfully manufactured and sold fake lubricants worth 800,000 rubles (U.S. $13,000).In its Sept. 2 news release, the police said the suspected...

Saudi Aramco-Motiva Vies for LyondellBasell Refinery?

Saudi Arabian Oil Co. and its U.S. refining joint-venture Motiva Enterprises are ahead in the race to acquire LyondellBasells Houston refinery, Reuters reported Tuesday, citing multiple anonymous sources, who claimed an announcement is expected this week. Lyondell Spokesman Michael Waldron told Lube Report the company doesnt comment on market speculation, and Motiva could not be reached for comment. The...

Briefly Noted

Jobber PetroChoice acquired the lubricants division of north-central North Carolina-focused distributor Rex Oil Co. Last week, Bureau Veritas integrated its online, client-facing lube oil analysis software at its Dubai, United Arab Emirates lab. American filtration systems supplier Donaldson Co. acquired some assets from Industrias Partmo, S.A., of Colombia, which include what will be its first oil filter production facility...
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