Home May 10, 2017

May 10, 2017

Volume 17 Issue 19

U.S. Base Oil Price Report

Healthy base oil demand and limited availability of most grades supported stable pricing in the U.S. market, following the implementation of posted price increases over the last three weeks.While some of the factors leading to the price hikes have softened - crude oil values have weakened since the increases were first introduced - a tight supply and demand scenario...

EMEA Base Oil Price Report

Base oil trade has been relatively quiet the past week as sellers and buyers took stock of developments from recent months. Sellers are reviewing prices in light of falling raw material costs but continue to note that healthy demand is taking up almost all availabilities throughout Europe, the Middle East and Africa. Buyers express confidence that that base oil...

SSY Base Oil Shipping Report

A combination of public holidays and weaker crude oil values have kept petrochemical trading deals to a minimum. Freights have consequently come under pressure in almost all the main regions.U.S. GulfIt has not been a good week for ship owners who service the route to Far East, with almost all the regular products failing to materialize. Styrene traders had...

Briefly Noted

Certas Energy will continue distributing for Shell Lubricants in the United Kingdom under a new five-year contract. Bel-Ray marine products are now factory fill and recommended lubricants for new boats from Manitou Pontoon Boats of Lansing, Michigan. United Kingdom-based Maktec Marine has become an official distributor of Exols lubricants.

Bapco, Neste Marketing Pact to Dissolve

Bahrain Petroleum Co. and Neste Oil will dissolve, by October 7, 2017, their marketing agreement for base oils produced at their joint venture API Group III base oil refinery, a Neste representative said yesterday.In the new arrangement, Neste would retain a 45 percent stake in the Bahrain Lube Base Oil Co., which is located at a solely owned Bapco...

Russia Base Oil Exports Grew in 2016

Russian base oil exports increased 13 percent in 2016 due to favorable market conditions in Europe and a ramp-up of API Group II and Group III base oils production, according to an industry insider.Denis Varaksin, base oil and slack wax sales manager at Berlin-based DYM Resources, predicted Russian base oil exports will stabilize to around 1.1 million tons in...

Q1 Earnings Wrap-up

Calumet Specialty Products Partners L.P. posted a much smaller first quarter net loss than it did in 2016, and its executives discussed the companys recent launch of API Group III base oil production during an earnings call with analysts. Clean Harbors Safety-Kleen segment posted an increase in third-party revenues, compared to a year earlier.CalumetCalumet reported a net loss of...

Petronas, Iranol Ally to Make Lubes

Iranol Co. and Malaysias Petronas signed an agreement to cooperate on production of engine oils and industrial lubricants in Iran.The companies cooperation document was signed Monday on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, according to a press release.Petronas Lubricants International has sought to grow its global lubricants business in recent...
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