Home May 24, 2017

May 24, 2017

Volume 17 Issue 21

U.S. Base Oil Price Report

Limited availability of most base oil cuts against steady demand have resulted in steeper spot numbers in the United States, while posted prices remained stable this week.Avid buying appetite over the last few months - both in the domestic arena as well as on the export front - together with a busy plant turnaround schedule have led to the...

EMEA Base Oil Price Report

Base oil markets throughout Europe, the Middle East and Africa are stable to firm this week, as both buyers and sellers step back to test how far the other side can be pulled.Offers from suppliers continue to be bullish, but there is an undercurrent of doubt from buyers suggesting prices may not rise despite what appears to be hardening...

SSY Base Oil Shipping Report

Adrian Brown is away. His column will appear again in next week's issue.

Clariant, Huntsman Agree to Merge

Two chemical specialty giants - Clariant and Huntsman Corp. - have reached a definitive agreement to merge, the companies announced Monday. The all-stock transaction, which was unanimously approved by their boards of directors, is set to be completed by the end of this year following regulatory approvals.The combined company, HuntsmanClariant, would have a market value of roughly $20 billion,...

Lukoils Eastern European Lube Business Grew in 2016

Lukoils lubricant branch in Eastern Europe posted improved sales results, and the company continues to expand its global reach.Ploiesti, Romania-based Lukoil Lubricants East Europe is a regional subsidiary of LLK International, lube arm of Russian oil major Lukoil. LLKs Central and Western Europe production and distribution is covered by the Vienna-based subsidiary, Lukoil Lubricants Europe.Maxim Donde, LLKs general director,...

Canton Fuels Hydrodec Rebound

Transformer oil rerefiner Hydrodec posted a $7.8 million loss for 2016 - including losses associated with its United Kingdom recycling operations that the company disposed of in March 2016 - an improvement from a $31.1 million loss for 2016.Revenues for the year from the companys continuing core rerefining business reached $16.8 million for the year, up 104 percent from...

Russian Coolants Maker Expands in Lubes

While most of Russian manufacturer Obninskorgsintezs production consists of antifreeze and car cleaning products, its growing lubricants business is now ranked one of the top five in Russia.The 325,000 tons of fluid products that the company made in 2016 included about 220,000 tons of antifreeze and car cleaning products. However, the company is growing its lubricants business. In 2016...

Lubrizol Changes Senior Management

Lubrizol Corp. will make several changes to its senior corporate management, effective June 1. Bob Graf, vice president of research and development, will assume the newly created position of vice president of data science and analytics. Julie Edgar will take over Grafs role, and will also serve as chief sustainability officer. The company also named Tesham Gor vice president...

Briefly Noted

PetroChoice opened a distribution center in Lamesa, Texas, to serve western Texas and eastern New Mexico. Take 5 Oil Change acquired Burlington, Kentucky-based QuikStop Oilube, which has four locations in Ohio, five in Kentucky and one in Indiana.
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