Home April 5, 2017

April 5, 2017

Volume 17 Issue 14

U.S. Base Oil Price Report

An extremely tight market scenario supported stable posted prices in the United States, with spot business partially hindered by the lack of availability of a number of grades.Suppliers had so far been reporting that the heavy-viscosity cuts were in higher demand than the lighter grades, but the light and mid-cuts were also commanding a lot of attention this week.The...

EMEA Base Oil Price Report

European, Middle Eastern and African base oil prices continue to rise against a background of positive demand and tight availability, especially for API Group I oils that have been affected by maintenance turnarounds.Seller offers emerging this week carry prices as much as $40 to $50 per metric ton above levels reported last week, apparently in response to demand. However,...

SSY Base Oil Shipping Report

There has been a bit more activity in the United States, and European markets are generally performing well. Asia, however, is still having to deal with a reduction in demand and overcapacity of ships on some routes.U.S. GulfThe first styrene cargo for several months has been quoted on the U.S. Gulf to Far East route as U.S. refineries come...

Group III Expansion Expected for N. America

North America is a large importer of API Group III base stocks but it produces only a small portion of those oils. As the regions demand for Group III continues to grow, many industry insiders predict that local production of these oils will also expand.Industry sources expecting to see increased North American Group III production say it will most...

Finished Lube Price Hikes Continue

ExxonMobil, Chevron, Chemlube, Pinnacle Oil and Old World notified U.S. customers of upcoming price increases on finished lubricants that go into effect in from about mid-April to mid-May. Factors cited included increased costs for base oils, additives and raw materials used in manufacturing.ExxonMobil notified customers it will increase prices by up to 4 percent on its branded and unbranded...

EPA Expected to Switch Course on CPs

The U.S. Environmental Protection Agency will reconsider its use of Toxic Substances Control Act Section 5 to review medium- and long-chain chlorinated paraffins as new chemicals and instead expects to review them as existing chemicals under TSCA Section 6, the Independent Lubricant Manufacturers Association said in an update to its members Monday.Chlorinated paraffins are chlorinated alkanes that have carbon...

Russian Car, LCV Motor Oil Consumption to Grow

Russian passenger cars and light commercial vehicles consumed 280 million liters of motor oils in 2016, up 4.3 percent from 2015, and the growth of its active vehicle fleet should spur a recovery for its lubricants market, according to a recently published report.Replenishment of the active passenger car and light commercial vehicle park in Russia is expected at an...

Synthetics Pioneer Amatuzio Dies

Amsoil Inc. founder Al Amatuzio, a pioneer in the marketing of synthetic engine oils in the United States, died Friday at the age of 93.Amatuzio formed Minnesota-based Amsoil in 1972 with a business model specifically focused on the supply of passenger car motor oils formulated with synthetic base stocks. While other companies have disputed the companys claim to have...

Briefly Noted

Despite a target date of April 1, the split of Saudi Aramco and Royal Dutch Shells joint venture Motiva has yet to officially occur. The two companies expect the split to happen by the end of the second quarter this year. The European Commission approved under EU Merger Regulation the acquisition of Chemtura by Germany based Lanxess; and granted...
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