Home June 7, 2017

June 7, 2017

Volume 17 Issue 23

U.S. Base Oil Price Report

Tight supply appears to be the main driver in the U.S. market, leading to increases for naphthenic oils and stable posted prices on the paraffinic side.Cross Oil communicated increases of 15 cents per gallon on all of its naphthenic products, effective June 1, with the higher numbers applied on orders shipped on or after June 7. The producer cited...

EMEA Base Oil Price Report

Base oil markets throughout Europe, the Middle East and Africa are mainly stable this week, with only a few oddball pricing events for specific offers of certain grades or products.In sporadic instances lack of availability lead to higher offered prices, but generally values were flat, with sellers trying to maintain current levels while buyers - particularly in spot trades...

SSY Base Oil Shipping Report

The shipping market worldwide - producers, traders, ship owners and brokers - will be happy to shrug off the last couple of months, when a steady string of public holidays repeatedly interrupted trade. With no major ones in sight, apart from Ramadan, it is hoped that business will start to pick up through June.U.S. GulfAs predicted last week, the...

AAA Report Lauds Synthetic Oils

An American Automobile Association report found synthetic engine oils performed an average of 47 percent better than conventional oils in several industry-standard tests and recommended motorists consider a synthetic if frequently subjecting their vehicle to stop-and-go driving, towing, aggressive driving or operating in extreme climates.The report, AAA Engine Oil Research: AAA proprietary research into the differences between conventional and...

Puraglobe to Begin Making Group III

Puraglobe will begin producing API Group III base oils later this month as the upgrade to its Troeglitz, Germany, rerefinery comes to a close, the company told Lube Report.The facility, which previously produced only Group II oils, will have capacity to produce 50,000 metric tons per year of Group III. With this start-up we will have converted 50 percent...

Slavneft Completes Group III Upgrade

MOSCOW - Slavneft has begun making trial batches of base oils for the Group III upgrade at its plant in Yaroslavl, Russia, according to Rosneft, a partner in the refining joint venture. Rosneft said it is also mulling production of Group II and extender oils at its Novokuibyshevsk refinery in 2018.Tibur Leimeter, head of RN-Lubricantss research and development, standardization...

Ardian Invests in LBC

Private investment company Ardian agreed to acquire a 35 percent stake in LBC Tank Terminals, buying out previous shareholders State Super and Sunsuper, the companies announced late last month.This will be Paris-based Ardians third investment in a base oil industry player, next to oil storage company Gosel and Spains leading transport and oil products company CLH. Ardian said it...

CP Chem Completes PAO Expansion

Chevron Phillips Chemical Co. announced on Monday completion of the low-viscosity polyalphaolefins capacity expansion at its Cedar Bayou plant in Baytown, Texas, adding 20 percent more capacity or about 10,000 metric tons per year. The company previously stated that the Cedar Bayou PAO expansion would raise capacity from 48,000 t/y to 58,000 t/y. Construction began in April 2016 for...

Briefly Noted

Marine lubricants supplier Aegean Marine Petroleum Networkannounced June 1 an interim leadership team comprising members of its senior management will oversee its operations and initiatives until a new president is appointed to succeed E. Nikolas Tavlarios, who resigned by mutual agreement with the board of directors and agreed to continue as a consultant to facilitate transition. The Piraeus, Greece-based...
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