Home May 31, 2017

May 31, 2017

Volume 17 Issue 22

U.S. Base Oil Price Report

The Memorial Day holiday on May 29 dampened activity in the U.S. base oil market, but a lack of readily available spot cargoes also played a part in the subdued trading scene.Spot prices have inched up over the last few weeks, but participants said that even if buyers were willing to purchase product at the higher levels, it was...

EMEA Base Oil Price Report

European, Middle Eastern and African base oil markets are stable, with sellers maintaining offers perhaps without fully assessing OPECs decision to extend crude oil production cuts into 2018.OPEC approved the cuts in the effort to maintain crude oil prices, or possibly lift them toward $60 per barrel or beyond. Unfortunately, with engagement from United States shale producers, the opposite...

SSY Base Oil Shipping Report

There are soft undertones to almost every market, with substantial reductions in some freights, particularly out of the U.S.U.S. GulfIronically, the market that has seen the sharpest fall in freight rates is possibly the one with the most potential business. Almost as if in a game of poker, charterers into the Far East have been able to bluff owners...

Castrol Warranty Draws Class Action

BP Lubricants USA and Pennsylvania used-car dealer CarSense face a class action alleging that their requirement to use Castrol brand products for engine warranty coverage constitutes an illegal tie-in that violates the Magnuson-Moss Warranty Act.The complaint was filed on May 5 in the Eastern District of Pennsylvanias U.S. District Court.Photo: Minerva Studio/FotoliaThe plaintiffs are seeking a jury trial for...

Lukoils Lube Sales Grew in 2016

Lukoil reported 5 percent growth in finished lubricant sales for 2016, driven by the companys increased sales of high-margin products and expansion of its product mix.Last year our consolidated sales of finished lubricants reached 761,000 tons, up from 723,000 tons sold in 2015, Lukoils lube arm LLK International told Lube Report last week. In 2016 the companys premium motor...

Oxea Upgrades Carboxylic Acids Plant

Oxea completed an upgrade of its carboxylic acids production facility in Oberhausen, Germany, the company announced Friday, increasing the facilitys output of short-chain fatty acids. The new production capacity was not disclosed, but could lead to expanded supply of ester-based lubricants.Oxea, which is part of the Oman Oil Company, claims its new investment increases the companys global supply reliability....

STLE Names Anderson President

ATLANTA - Michael Anderson of Falex Corp. was appointed president of the Society of Tribologists and Lubrication Engineers during its annual meeting and exhibition held here May 21-25.Anderson, who serves as area manager for Asia-Pacific and Latin America at Sugar Grove, Illinois-based Falex, was presented as the new head of STLEs executive committee for the year 2017-2018 during the...

Briefly Noted

Lukoil launched its synthetic automotive lubricants range in the United Arab Emirates, via a partnership with distributor Al Habtoor Motors.
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