Home April 26, 2017

April 26, 2017

Volume 17 Issue 17

U.S. Base Oil Price Report

More price increases emerged this week, with Phillips 66, HollyFrontier, Calumet, and SK rounding up the list of paraffinic producers that have already moved postings up, and San Joaquin and Ergon each nominating a hike for naphthenic oils.Phillips 66 lifted its API Group II 70/80-vis by 8 cents per gallon, its 110-vis by 10 cents/gal, its 225-vis by 8...

EMEA Base Oil Price Report

Returning after the Easter break, base oil markets in Europe, the Middle East and Africa once again plunged into uncertainty about the direction of pricing. On one hand, availabilities remain tight across the board, though it is mostly just spot requirements of API Group I oils that are going uncovered. On the other side, crude oil prices are weakening,...

SSY Base Oil Shipping Report

No region is very active presently. Prospects are rosier in the U.S. than in Europe, but both these markets look better than Asia right now.U.S. GulfDemand to the Far East has been gradually building over the past week or so, but the amount of open tonnage is increasing too, with several ships that need to be repositioned back to...

Heavy-duty Tests Scrutinized

Engine tests are the most expensive and time-consuming parts of engine oil specifications, so its no surprise that developers take time to consider how well those tests serve their purpose and whether any of them can or should be eliminated.Such questions are being raised now as part of the industrys review of the newest heavy-duty diesel engine oil categories,...

Two More to Raise Finished Lube Prices

Valvoline and Citgo informed U.S. customers of upcoming finished lubricant price increases that take place in mid-May and early June.Valvoline is marking up branded finished lubes by up to 4 percent effective June 1, while Citgo is imposing a hike of 4 percent to 6 percent on branded and private label products effective May 15.Other marketers that have informed...

New Technologies Called Threat to Lube Suppliers

STUTTGART, Germany - Lubricant marketers could face disruptions to the ways they do business in coming years due to growing popularity of electric vehicles, adoption of new manufacturing materials and the rise of new businesses that leverage information technology to muscle in on marketers expertise, an industry insider said earlier this month.Speaking to the Uniti Mineralol Technology Forum here...

Q1 Earnings Wrap-up

Valvoline reported increased operating income, while operating profits were down for South Korean base oil refiners SK Lubricants and S-Oil for the quarter ended in March, compared to a year earlier.ValvolineValvoline Inc. posted operating income of $117 million for its three operating segments - North America, quick lubes and international - for the fiscal quarter ended March 31, up...

ATIEL Launches New Compliance Policy

ATIEL, the European lubricant industrys technical association, released a new compliance policy to support lubricant marketers that make valid performance claims against ACEA (European Automobile Manufacturers Association) Oil Sequences, for which compliance with the European Engine Lubricant Quality Management System is required.The policy seeks to encourage greater compliance across the industry through continuous monitoring of automotive engine lubricant quality...

Briefly Noted

WorleyParsons is expected to complete front end engineering design in May for Biosynthetic Technologies commercial scale biobased base oil plant in the Houston area, with construction expected to begin this summer. Biosynthetic Technologies said it will run and operate the 30,000 metric tons per year plant, which will be co-located within a large, existing chemicals complex. Lanxess completed the...
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