Home December 7, 2016

December 7, 2016

Volume 16 Issue 49

U.S. Base Oil Price Report

Divergent fundamentals kept the base oils market in a holding pattern, with sluggish demand offsetting the upward pressure created by firming crude oil and feedstock values.Market participants noted that there is still plenty of competitive activity taking place in the spot arena, but no posted price changes emerged, despite rumblings that a major refiner would be adjusting postings this...

EMEA Base Oil Price Report

Base oil prices should be responding to gains in crude levels, but with a confusing melee of factors influencing pricing decisions, base oil markets could take some strange courses during the next few weeks.Following last weeks entente in Vienna, OPEC members and Russia agreed to curb crude production. Markets immediately responded by lifting crude prices more than 5 percent...

SSY Base Oil Shipping Report

Greater activity in Europe indicates crude oil price hikes had some impact there, while in Asia, regional vessel space for December is becoming quite tight and the transpacific run from the U.S. is the main route buzzing in that market.U.S. GulfFurther fixing has been reported on the route to Asia. It is estimated there is between 15,000 and 20,000...

Avista Rerefinery Making Group III

Used oil rerefiner Avista Oil is making API Group III base oil at its plant in Peachtree City, Georgia, steadily ratcheting it up to about a quarter of its total base oil capacity now and laying plans to double that in 2017.This makes it the first rerefiner in the world to produce Group III commercially, as well as the...

ACEA 2016 Boosts Oil Performance

Licensing began last week for the latest engine oil specifications from Europes auto industry - a long-awaited update that significantly raises lubricant performance in several areas.Dec. 1 marked the commercial introduction of the ACEA 2016 Oil Sequences for passenger vehicles and heavy-duty trucks. The latest specifications from European Automobile Manufacturers Association (ACEA) come four years after the previous upgrade...

CEP, Saudi Venture to Build Rerefinery

Gulf Solvents of Saudi Arabia contracted Chemical Engineering Partners to build a 155,000 metric tons per year rerefinery in Hail City to produce API Group II and III base oils.In a joint press release issued Monday, the companies claimed the rerefinery will be the largest in the Middle East and the first in Saudi Arabia capable of making Group...

Dutch Firm Builds Rwanda Blend Plant

Netherlands-based VPS Lubricants will start blending lubricants in Rwanda in the first quarter of 2017.Erik Vermeer, commercial director for VPS International BV, said the plant - with 300 metric tons per year production capacity - is a 50-50 joint venture between VPS and Societe Petroliere of Rwanda.Vermeer told Lube Report on the sidelines of the 5th ICIS African Base...

Quaker Acquires Canadian MWF Maker

Quaker Chemical Corp., one of the worlds biggest suppliers of metalworking fluids, purchased Lubricor Inc., a Canadian company offering similar products, for $11.8 million on Nov. 30.Officials from Quaker said they were drawn to Lubricor for its product portfolio, which includes a universal metalworking fluid.Lubricor sells $10 million of product annually, mostly to its North American customers, but also...
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