Home March 15, 2017

March 15, 2017

Volume 17 Issue 11

U.S. Base Oil Price Report

Flint Hills Resources, HollyFrontier, Chevron, SK, Paulsboro, Kleen Performance Products and Ergon joined the group of producers who have implemented price increases on paraffinic base oils, while Calumet and Cross Oil each stepped out with initiatives for naphthenic oils as well.Within the Group I segment, HollyFrontier announced a price increase of 12 cents per gallon for its Group I...

EMEA Base Oil Price Report

The upward pricing pressure that seemed to be building in recent weeks reached a boiling point the past few days as offers from base oil suppliers jumped amid suggestions that some grades are tightening in Europe, the Middle East and Africa.Maintenance turnarounds in Europe and cutbacks in API Group I production have contributed to a lack of availability for...

SSY Base Oil Shipping Report

Sharp reductions in oil prices sparked fluctuations in commodity prices, spooking the shipping market and putting a lot of potential business on hold.U.S. GulfCommodity prices do not favor the route to the Far East, and even when an arbitrage opens, hypothetically there is not enough product available in the U.S. to ship. Trade has therefore almost ground to a...

Opportunities Cited for Rerefining

LONDON - Lube oil rerefiners have plenty of reason for optimism, both in the short and long term, Fabio Dalla Giovanna told conference attendees here last month.In Europe and the United States, but mainly in Africa, South America and Asia, there are a lot of opportunities for other plants, he speculated during the ICIS World Base Oils & Lubricants...

ExxonMobil Guarantees 20,000-mile Oil Drains

In what could be another step in the march toward longer drain intervals, ExxonMobil on Friday announced a new engine oil that guarantees against engine damage for intervals of one year or 20,000 miles.The company and others in the industry said the launch of Mobil 1 Annual Protection reflects the continuing push for longer intervals by consumers and automakers....

Hill Lays Out Plans for Kazakh Market

Kazakhstan lubricant manufacturer Hill Corp. plans to expand its lubricant blending plant in Shymkent and also to begin construction of a long-discussed base oil plant, the company confirmed last week.Hill aims to increase capacity at its 70,000 metric tons per year lubricant blending plant in Shymkent, southern Kazakhstan, by 30,000 tons, a representative told Lube Report. The facility produces...

Pugh and Apollo Join Forces

Pugh Lubricants and Apollo Oil announced Monday that they will be joining forces to create one of the largest lubricant distribution companies in the Eastern United States.Officials at both companies declined to explain if one company is acquiring the other or if they are being merged in some other way. They also refused to say if compensation is being...

AkzoNobel Spurns Takeover Bid

AkzoNobel rejected a $22 billion unsolicited takeover bid from paints and coatings supplier PPG Industries and announced a review of strategic options for separation of its specialty chemicals business.PPGs offer, submitted March 2, proposed giving 54 (U.S. $57.53) in cash and 0.3 PPG shares per AkzoNobel share, corresponding to a value of 83 per share as of Feb. 28,...
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