Home December 14, 2016

December 14, 2016

Volume 16 Issue 50

U.S. Base Oil Price Report

Reports that ExxonMobil would be increasing posted prices at the start of the New Year caught many by surprise this week, although signs that spot prices were inching up had already become apparent.According to sources, ExxonMobil will lift its API Group I bright stock by 15 cents per gallon, and all its other Group I, II and II+ grades...

EMEA Base Oil Price Report

After an agreement by OPEC and other oil-producing states to limit output, crude prices spiked several times the past few days.But the market is skeptical about the likelihood of countries adhering to their commitments - which in truth called for limited cutbacks - so it remains to be seen if the global oil glut will be curbed.Crude prices peaked...

SSY Base Oil Shipping Report

Asia has seen the year-end rush, but Europe and the U.S. havent to the same extent, as specific routes have undoubtedly been very busy while others just had another normal week.U.S. GulfThe route into Asia continues to receive plenty of interest for remaining December space, but there is virtually nothing left, forcing much of the demand back into January....

Briefly Noted

Effective Jan. 1, 2017, distributor Sea-Land Chemical Co. will increase the geographical area it serves for Ingevitys lubricants business to include the entire United States. Charlotte, North Carolina-based Driven Brands acquired Texas-based Express Lube, which operates more than 30 quick oil change centers throughout San Antonio and surrounding areas in Texas. Fuchs Petrolub SE was named Germanys most sustainable...

GF-6 May Be Delayed to 2019

ORLANDO, Florida - ILSAC GF-6, the passenger car engine oil upgrade now under development, has slipped behind schedule again and may not get its commercial launch until May 2019, a meeting here heard last week.The Auto-Oil Advisory Panel, meeting alongside ASTM Committee D2 on Petroleum Products and Lubricants, heard that the new Sequence IIIH for wear and oil thickening,...

Europeans Develop Sustainability Standard

The concept of business sustainability - which has gained increasing traction in recent years - is beginning to take shape for the lubricant industry in Europe.A group of German companies is developing a standard specifically to evaluate sustainability of lubricant suppliers, and the Union of the European Lubricants Industry (UEIL) board of directors is scheduled next month to consider...

Gazprom Neft to Build Lube Plant in Europe

Russian oil major Gazprom Neft said Monday it will set up new lubricants production in Western or Central Europe to reduce the growing volumes being shipped from Russia.In my opinion, we really need additional lubricant blending capacity in Europe as we expand overseas rapidly, said Alexandr Trukhan, head of Gazpromneft-Lubricants. The company is now working on the preliminary plans...

East Africa to Add Blending Capacity

Mount Meru plans to open three blending plants, and Mogas will launch one larger blending facility over the next two years in several countries in East Africa, according to industry sources.Chelan Jain, managing director for Mount Meru in Zambia, told Lube Report it will begin lubricant blending in Lusaka, Zambia in June 2017, and in Tanzania and Rwanda in...

Solid Pay for Lab Managers

Laboratory and research and development managers reap the rewards for providing the formulations that keep a lubricants business going, averaging $133,800 in compensation this year, an exclusive survey conducted by LubesnGreases magazine found.Fifty-nine laboratory and technical managers answered the confidential 2016 Lubricants Industry Salary Survey, all working for lube manufacturers. With a different pool of respondents from the previous...

Heritage-Crystal Cleans Chalhoub to Retire

Heritage-Crystal Clean Founder, President and CEO Joe Chalhoub will retire effective Jan. 31, 2017, the company announced last week. Chalhoub will be succeeded by Brian Recatto, who has served Heritage as a director for the past four years and was named lead director earlier this year.Chalhoub, who was a former head of Safety-Kleens oil recovery division, founded Heritage-Crystal Clean...
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