Home January 11, 2017

January 11, 2017

Volume 17 Issue 2

U.S. Base Oil Price Report

Motiva, Phillips 66 and SK joined a group of producers that have already implemented increases for paraffinic base oils, while on the naphthenic side, Cross Oil and San Joaquin also announced price hikes.Motiva will raise its API Group II STAR 4 (110 viscosity) and STAR 6 (220 vis) base oils 15 cents per gallon, and its STAR 12 (600...

EMEA Base Oil Price Report

The lag that typically occurs between price movements of crude oil and base stocks seems to at work in Europe, the Middle East and Africa at the moment. Since crude and base oil feedstock prices have moved upwards, base oil producers are feeling mounting pressure to lift prices to accommodate higher raw material costs.Crude values rose around 20 percent...

SSY Base Oil Shipping Report

Although not as busy as they were in late December, the main markets emerged from the long holiday season with a moderate amount of business. Yet it will take a little more time for the markets to get organized before any patterns develop.U.S. GulfOn routes to the Far East, there has been a kind of a rollover situation from...

Synthetics Expected to Grow

Global demand for all lubricants has been projected to rise slowly in coming years, but industry sources forecast significantly faster growth for synthetic and semi-synthetic products.Recent increases in demand for synthetics and semi-synthetics was enabled by expansion in API Group III base stock supply, and coming introduction of more Group III capacity should allow a further uptake of higher-performing...

Inolexs Lexolube Division Acquired

Zschimmer & Schwarz announced last week the acquisition of Inolexs Lexolube division, whose synthetic esters are used primarily in industrial lubricants, and said it is building another esterification plant to increase its own production capacity by more than 50 percent.Zschimmer & Schwartz Inc. is based in Milledgeville, Georgia, and its parent company Zschimmer & Schwarz Group is headquartered in...

Brazils Shifting Lubricant Market

Though demand for finished lubricants in Brazil has steadily declined since its peak in 2013, the country can expect modest growth during late 2017, said Ricardo Mussa, chief executive officer at Cosan Lubricants.Despite a recession lasting eight consecutive quarters, Brazils lubricant market has been keeping up with global trends. Group III has taken over as the fastest growing base...

Foreign Currency Hinders WD-40 Results

WD-40 Co. posted $11.8 million in net income for its first quarter ending Nov. 30, a 3 percent decrease from a year earlier.For the WD-40, 3-in-One and Blue Works lubricants segment, worldwide net sales reached 79.2 million for the first fiscal quarter, down 4 percent from a year earlier. San Diego-based WD-40s fiscal year runs from Sept. 1 to...

Gazprom Neft Grows Foothold in South Caucasus

Russian lube maker Gazpromneft-Lubricants sold 900 tons of finished lubes in Georgia in 2016, or 20 percent more than the year before.The South Caucasus former Soviet republic is a tiny lubricant market, with annual demand of just 11,200 tons in 2016, according to Gazprom Neft. But the company views it as a key stepping stone to expansion in the...

Briefly Noted

Shell was chosen by Rolls-Royce Motor Cars Ltd. as exclusive manufacturer and supplier of Rolls-Royce Motor Cars Genuine Engine Oil, available to the car makers dealers starting last month. Valvoline LLC will acquire the business assets related to 28 quick-lube stores from Time-It Lube LLC and Time-It Lube of Texas, LP in Louisiana and eastern Texas, in a deal...
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