Home October 19, 2016

October 19, 2016

Volume 16 Issue 42

U.S. Base Oil Price Report

The U.S. market was quiet the past week, partly because of buyers and sellers attending the Independent Lubricant Manufacturers Association meeting in Scottsdale, Arizona, and partly because of uncertainty about the direction of prices.No further posted price movements were reported, following Motivas decrease and Phillips 66s increase on Oct. 4, but there were reports that a number of suppliers...

EMEA Base Oil Price Report

European, Middle Eastern and African base oil prices appear to have leveled out with nothing that would suggest impending movements up or down. Sellers are keen to take advantage of any cover provided by rising crude oil and feedstock costs, but with adequate supply for all cuts, buyers cite an undercurrent of weakness.With dated deliveries of Brent crude having...

SSY Base Oil Shipping Report

It has been an odd week globally, with certain routes having gained some extra activity while others slowed down, particularly in the United States and Europe.U.S. GulfRoutes to the Far East have seen a lot more activity, which is to be expected in the fourth quarter. Styrene had been at the top of the list, but a fire at...

Contractor Issues Delay Yanbu Upgrade

DUBAI, United Arab Emirates - Luberef said new API Group II base oils and bright stock production from its Yanbual Bahr, Saudi Arabia, plant could be delayed by a year due to financial problems for the main contractor.Luberef President and CEO Salahaddin A. Dardeer said he was worried by the situation and that discussions to resolve the issue were...

Total to Blend Lubricants in Russia

French oil major Total broke ground Monday on its first lubricants blending plant in Russia, a project that could dovetail with the countrys emphasis on localizing production and reducing reliance on imports.The plant will have initial capacity to produce 40,000 tons per year of finished lubricants, with the ability to increase that number by 35,000 t/y, Total Vostok, the...

DIFM Customer Motor Oil Type Awareness High

About 75 percent of do-it-for-me customers are aware of the type of motor oil used for their most recent oil change, while 36 percent of such customers were aware of the oil filter brand used for their most recent oil change, according to NPD Groups Do-It-For-Me Consumer Report 2016 announced last week.The type of motor oil referred to whether...

Partner Gets Larger Stake in Hydrodec of North America

Transformer recovery firm G&S Technologies Group acquired 12.45 percent of Hydrodec of North America for $1.7 million - raising its stake to 37.5 percent - per terms of an agreement reached in April 2013.G&S provided $1.37 million in feed stock and $330,000 in cash. Upon completion of the purchase, Hydrodec retains 62.5 percent of the voting interest in the...

Gazprom Ships Lubes to Colombia

Gazpromneft-Lubricants has started to ship finished lubricants to Colombia, and its distributor in that country is expanding.In a press release last week, the Russian lube marketer said it is supplying G-Energy- and Gazpromneft-branded motor oils, transmission fluids, hydraulic fluids and greases to Columbia and that Petrolubs Colombias has exclusive rights to distribute them there.We have a systematic plan to...

Briefly Noted

Autocommerce d.o.o. will distribute Hexols lubricants in Montenegro, in southeastern Europe. Brenntag acquired the lubricants business of Tonawanda, New York-based Noco, which supplies lubricants to industries in the northeastern United States and southern Quebec, in Canada. The acquisition doesnt impact Nocos energy distribution or retail businesses.
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