Home November 2, 2016

November 2, 2016

Volume 16 Issue 44

U.S. Base Oil Price Report

Market attention focused on both HollyFrontier's acquisition of Petro-Canada Lubricants, and a price increase initiated by a naphthenic base oil producer this week.On Oct. 31, HollyFrontier announced the acquisition of Suncor Energys Petro-Canada Lubricants business, including the companys Mississauga base oil plant, which has capacity to produce 11,600 barrels per day of Group II oils and 4,000 b/d of...

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and African regions are viewed as soft across the board now and many believe they could remain so into next year.Prices for all products are lower than three months ago, although there have been mini-spikes during that period. The general forecast is that base oils will face further downward pricing pressure...

SSY Base Oil Shipping Report

It has been a week of mixed results. The U.S. has been very slow, while Europes and Asias deep-sea routes are marginally busier despite quieter coastal markets.U.S. GulfOver the past week there were glimmers of what could conceivably happen on the markets into Asia, as cargoes of ethanol, styrene, ethylene dichloride, methanol, phenol and acrylonitrile occasionally sought space for...

HollyFrontier to Buy Petro-Canada Lubes Biz

HollyFrontiers acquisition of Suncor Energys Petro-Canada lubricants business for CA $1.1 billion (U.S. $845 million), announced Monday, will diversify HollyFrontiers base oil portfolio to include API Group II and III base oils and also make it a prominent player in the finished lubricants market.Dallas-based HollyFrontier expects to fund the transaction with a combination of debt and cash on hand....

Q3 Earnings Wrap-up

Afton Chemical, SK Lubricants, S-Oil, BPs lubricants business, Quaker Chemical and Milacron each posted increased third quarter profits, compared to the same period of 2015. Net sales were down for Chemturas petroleum additives business for the third quarter, compared to a year earlier.Afton ChemicalAfton Chemical, NewMarket Corp.s petroleum additives segment, posted an operating profit of $106.4 million for the...

ExMo Aviation Lubes Plant at Full Throttle

ExxonMobil announced last week that its new Port Allen, Louisiana, aviation lubricants plant is operating at full capacity as it makes the companys Mobil Jet brand engine lubricants.The aviation lubricants blending, packaging and distribution facility started shipping product worldwide in August after receiving regulatory approvals. The plants lubricant production capacity was not disclosed.Photo: ExxonMobilContainers move through a packaging line...

Castrol Rolls Out Biobased Motor Oil

Castrol is entering the biobased lubricants market with the launch of its Edge Bio-Synthetic motor oil, the companys first plant-based renewable product, which will be commercially available in the United States in January.The lube manufacturer yesterday announced its new addition to the Edge product line during the Specialty Equipment Market Associations Show in Las Vegas, Nevada. The product is...

Briefly Noted

The vacuum fractionation tower for ExxonMobils new hydrocracker in Rotterdam, Netherlands, arrived by barge last week. The company broke ground in June for the new hydrocracker - scheduled to start up in late 2018 - to upgrade heavier hydrocarbon byproducts into cleaner, higher-value finished products, including API Group II base stocks. Greif will increase prices 5.8 percent on fiber...

Clarification

The Chevron announcement in the Oct. 26 Lube Report issues Briefly Noted section should have specified that Chevron Base Oils renewed its contract for European distribution with Daresbury, U.K.-based distribution company Multisol Group.
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