Home May 3, 2017

May 3, 2017

Volume 17 Issue 18

U.S. Base Oil Price Report

A flurry of posted price increases has blanketed the U.S. market, culminating this week with Paulsboro's nomination of a markup for its API Group I base oils.Paulsboro Refining will raise all of its Group I grades 20 cents per gallon, with the exception of bright stock, which will go up 15 cents/gal, effective May 4.During the previous three weeks,...

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and Africa are rapidly becoming more complex with a number of local situations affecting both supply and demand. In mainland Europe, apparently stalling demand has improved availability for API Group I oils, while in the Middle East and East and South Africa demand remains positive with constrictions on availability of certain...

SSY Base Oil Shipping Report

Many countries celebrated Labor Day on May 1, which curtailed business opportunities for a large chunk of the global fleet. Business had otherwise started to look slightly more promising in most regions, including Asia.U.S. GulfSome owners remain jittery along the route into the Far East, and it is these owners who can be relied upon to accept rates in...

Briefly Noted

Lubrizol selected Jacobs Engineering Group to provide engineering, procurement and construction services for Lubrizols new polyisobutylene unit in Deer Park, Texas. Announced as a project in 2015, the unit is expected to be fully operational in the first half of 2019. RelaDyne signed definitive agreements to acquire Abilene, Texas-based Western Marketing Inc., which supplies bulk and packaged lubricants to...

Calumet Launches Group III Base Oil

Calumet Specialty Products Partners L.P. announced on Monday that it has begun making API Group III base oil at its plant in Shreveport, Louisiana, the only virgin Group III produced in the United States at this time.The new 4 centiStoke Group III base stock - marketed as Calpar 4GIII - has a typical viscosity index of 123, according to...

Q1 Earnings Wrap-Up

Afton Chemicals operating profit slipped, and Quaker Chemical reported a 45 percent decrease in net income, while BP posted a marginal increase in underlying replacement cost profit before interest and tax for its lubricant business. Fuchs earnings before tax jumped, Milacron Holdings Corp.s Industrial Segment announced a healthy increase in operating earnings and Heritage-Crystal Clean posted an increase in...

Gazpromneft Grows in Central Asia

Gazpromneft Lubricants finished product sales in Central Asia rose by 35 percent in 2016, driven by increased tie-ups within the regions industries, the company said recently.The company increased its supplies of its flagship motor oil brand G-Energy and its Gazpromneft-branded products in Kazakhstan, Tajikistan, Kyrgyzstan, Uzbekistan, Turkmenistan and Mongolia to 35,000 metric tons, up 35 percent compared to 2015,...

Study Disputes Formaldehyde Cancer Findings

A newly published reanalysis of a 2010 study widely used to assess the hazards of formaldehyde found no link between exposure to the chemical and leukemia.The peer-reviewed reanalysis was published online in the Journal of Critical Reviews in Toxicology.The original paper - published in January 2010 by Luoping Zhang and 33 co-authors in Cancer Epidemiology, Biomarkers & Prevention -...
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