Home January 4, 2017

January 4, 2017

Volume 17 Issue 1

U.S. Base Oil Price Report

In contrast to last January, when base oil prices kicked off the New Year on a downward trend, this year values are gravitating upwards.Following a series of increases by paraffinic producers, Ergon and Calumet were heard to be moving up both their naphthenic and paraffinic base oil prices, while hikes announced by Paulsboro and Kleen Performance Products are also...

EMEA Base Oil Price Report

As buyers, sellers and traders started trickling back to their offices, the air was alive with the talk of increasing prices across the board, even in the case of some Group III sellers.With Tuesday being the first working day after the seasonal holidays in Europe, there was scant information to be gathered since last week, but a number of...

Oil Remains Lead Energy Source

Global energy demand in 2040 will be 25 percent higher than in 2015, with oil, natural gas and coal still accounting for 77 percent of total energy consumption, according to the 2017 edition of ExxonMobils The Outlook for Energy: A View to 2040. Average fuel economy of new cars worldwide is expected to rise from 30 miles per gallon...

Group III: The Big Rigs’ Next Big Thing?

As environmental regulations and stricter fuel economy mandates continue to stack on truck manufacturers, API Group III base oils are increasingly catching the attention of heavy-duty diesel engine oil formulators to bring high-performance finished lubes to fleet operators.Speaking at the ICIS Pan American Base Oils and Lubricants Conference in Jersey City, New Jersey, Mike Brown, vice president of technology...

Oats Acquired by HaynesPro

Haynes Publishing Group, known best for its owners workshop manuals, recently acquired Oats Ltd., a technology business that provides lubricant information and recommendations to equipment operators.The acquisition totaled at 2.4 million (US $2.93 million), with 1.8 million payable in cash upon completion and an additional 550,000 in assumed liabilities.Oats, which stands for oil advisory technical services, was founded in...

Rosneft Lubes Soared in 2015

Russian oil major Rosneft produced 779,000 metric tons of base oils, finished lubricants and additives combined in 2015, 6 percent more than the year before, solidifying its position as the second-largest lubricant marketer in Russia, according to the companys annual report.Rosneft, in which the Russian government owns a majority stake, said 457,000 tons of the total were finished lubricants...

Briefly Noted

Eric Schnur assumed the chairman, president and chief executive officer roles for Wickliffe, Ohio-based Lubrizol Corp. effective Jan. 2, succeeding James Hambrick, previously chairman and chief executive officer, who completed a 38-year career with the company. The planned management transition was announced in mid-2016. Schnur, who has been with the company more than 27 years, was named Lubrizol's president...
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