Home September 21, 2016

September 21, 2016

Volume 16 Issue 38

U.S. Base Oil Price Report

U.S. market fundamentals are viewed as steady, with fairly tight availability of a number of grades against reasonably stable demand.The typical slowdown which affects activity in September is more noticeable in some base oil segments than others, namely in the lighter-viscosity group of oils, given that orders for the heavy grades seem slightly more robust.In the API Group I...

EMEA Base Oil Price Report

Prices are trending downward in Europe, the Middle East and Africa, but at an unusually slow pace. Instead of the $10, $20 and $30 per metric ton increments by which base oils typically rise and fall, prices are eroding by a couple of dollars here and a few greenbacks there.Indeed, prices offered by sellers have not changed since last...

SSY Base Oil Shipping Report

Rates have begun to swing back up on a number of routes globally as the summer lull recedes. However, there is still a long way to go, and some routes, such as the European coastal market remain pretty weak.U.S. GulfAs predicted last week, the Far East destination is one of the routes on which rates have started to increase....

Mixed Bag for Fast Lubes

Although United States quick lubes average ticket totals crossed the $71 mark and the average number of oil changes and cars serviced daily increased, average yearly sales per store declined by almost 7 percent from 2015, National Oil & Lube News reported.Published in NOLNs September issue, the 2016 Fast Lube Operators Survey compiled data from 5,837 facilities - the...

Small Growth Forecast for Industrial Lubricants

CHICAGO - Although global demand for finished lubricants will grow minimally over the next five years, parts of the industry do offer opportunity for marketers, especially premium lubes used by several industries, a consultant from Kline & Co. forecast at the North American Industrial Lubricants Congress last week.The Parsippany, New Jersey, firm estimated that finished lubricant demand worldwide was...

TPCs Baytown Plant Goes to SI Group

SI Group acquired TPC Groups Baytown, Texas facility, including manufacturing assets for nonene and tetramer, propylene oligomers that are used as intermediates in production of lube oil additives and other products.About 20 to 25 employees work at the Baytown facility, said SI Group Spokeswoman Tara Morgan, and plans for whether they will move over to SI Group will be...

SGS Adds Oil Condition Monitoring in Russia

SGS Oil, Gas and Chemicals Services expanded its laboratory in St. Petersburg, Russia, to include oil condition monitoring services, aiming to attract new customers in a range of Russian industries.Switzerland, Geneva-based SGS has over 50 offices and laboratories in Russia, including a Moscow headquarters for its business in the country, which operates as SGS Vostok Ltd. The recently upgraded...

Hydrodec Trims Losses

Hydrodec Group reported an overall loss - including discontinued operations - of $5.3 million for the six months ending June 30, compared to an $8.4 million loss for 2015s first half. Revenues rebounded from a year earlier, up almost 150 percent.Revenues from the companys continuing core rerefining business rose 148 percent to $8.1 million, compared to $3.3 million for...

Briefly Noted

Original Parts Warehouse of Vaughan, Ontario, will distribute lubricants for Total Canada. Effective Oct. 1, Oxea will raise prices on NPG by 100 per metric ton and TMP by 80/t in Europe. The chemicals are used in synthetic lubricants.
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