Home November 9, 2016

November 9, 2016

Volume 16 Issue 45

U.S. Base Oil Price Report

Activity in the base oil market was somewhat subdued ahead of the U.S. presidential elections and an industry meeting in Houston, Texas, later this week.Participants were expected to meet at the American Fuel and Petrochemical Manufacturers Association International Lubricants and Waxes conference on Nov. 10-11, with discussions anticipated to center on industry innovations, low viscosity lubricants, and future industry...

EMEA Base Oil Price Report

Base oil prices continue to erode across Europe, the Middle East and Africa. The API Group I market sees daily attrition of sellers lowering offers, while Group III stocks appear to have reached the cliff edge, with some prices starting to plummet toward break-even levels.Amid news that global crude oil inventories are perhaps at their highest levels since records...

SSY Base Oil Shipping Report

Activity has been subdued in most main shipping hubs, causing some ship owners to hope that business returns to normal once the uncertainty over the United States presidential elections comes to an end.U.S. GulfTraders still maintain that freight levels are too high on the Far East route, whereas ship owners remain convinced that there will be an increase in...

Ford Shuns New API Heavy-duty Oils

In a surprise move, Ford has issued a new diesel engine oil service fill specification, WSS-M2C171-F1, covering all Ford diesel engines. This specification specifically disallows the use of API CK-4 and FA-4 categories, which were adopted by the auto and lubricant industries earlier this year. Fords specification identifies API CJ-4 category oils issued before 2016 as acceptable for use...

Q3 Earnings Summary

Ashlands Valvoline segment posted increased operating income, Calumet Specialty Products Partners posted a net loss, Fuchs reported higher net income and Clean Harbors made more money on rerefined and blended products, compared to a year earlier.ValvolineCovington, Kentucky-based Ashland reported $96 million in operating income for its Valvoline segment during the three months ending Sept. 30 (the fourth quarter of...

Wichita JV Launches, Plans Blending Plant

Lubrication Engineers Inc. has begun planning a U.S. $35 million manufacturing facility near its headquarters in Wichita, Kansas, with joint venture partner Kyodo Yushi USA Inc.The JV, known as Kyodo Yushi Manufacturing Americas LLC, will build a 10,700 square meter plant on 15 hectares of land in north Wichita, according to the citys office of urban development.Based on the...

Nyco America Establishes New U.S. HQ Facility

Nyco America, an operating subsidiary of French specialty lubricants maker Nyco Group, has established a major new headquarters and an operations platform for manufacturing and warehousing at a site near Atlanta.Nyco America CEO James Mustacchio explained last week that the objective is to establish an operations platform - meaning a base for manufacturing, warehouses and offices. The facility is...

Fire Destroys Lube Warehouse in Kyrgyzstan

A fire devastated a motor oil warehouse in Bishkek, the capital city of Kyrgyzstan, the countrys emergency situation ministry reported.The warehouse carried Mannol-branded products, the ministry said, citing information from witnesses at the scene. Mannol is a German lubricants brand.Photo: Sputnik/Dosoy CinemaA fire destroyed Cheksiz motor oil warehouse under fire this past weekend on Sadygaliev Street in Bishkek, Kyrgyzstan."The...

Briefly Noted

The Michigan Business Development Program awarded a $250,000 grant to casting lubricants manufacturer Chem-Trend, which is planning to invest $7.7 million to expand its research and development facility at its headquarters in Howell, Michigan, creating 25 jobs. Chandler, Arizona-based Maverick Performance Products announced a long-term trademark license agreement with VP Racing Fuels of San Antonio, Texas, to market, manufacture...
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