Home June 21, 2017

June 21, 2017

Volume 17 Issue 25

U.S. Base Oil Price Report

Even though demand was slightly softer this week, availability was still affected by ongoing and upcoming turnarounds at U.S. base oil plants, supporting stable postings.A majority of suppliers were operating with very low inventories and made every effort to meet contractual obligations, but had to turn away fresh spot business opportunities.While demand from domestic consumers was described as healthy,...

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and Africa would likely be stable and might be set to remain that way were it not for growing concerns around crude oil and feedstock prices.Crude fell sharply during the first part of this week, defying mainstream expectations about OPECs agreement to curb crude output, a strategy joined by Russia and...

SSY Base Oil Shipping Report

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

Survey Finds Labeling Problems with ATFs

Misleading labels are one of several factors interfering with the proper use of adequately performing automatic transmission fluids, according to the results of a survey released yesterday by the Petroleum Quality Institute of America.Among the problems it cited was the frequent use of terms such as universal and multi-purpose, leading fluids to be used in transmissions for which they...

Base Oil Capacity Keeps Rising

Global base oil manufacturing capacity now tips the scales at 1.11 million barrels a day, roughly 55 million metric tons a year. Yet even though the construction frenzy of the past decade seems to be ebbing, refiners still aim to stream another 90,000 b/d of fresh capacity between now and 2021.Those are among the insights to be found from...

Regs Could Boost Russian Rerefining Industry

MOSCOW - Licensing for used oil collectors and legislation that restricts waste oil dumping and incineration could improve Russias rerefining industry, a consultancy found, though it remains hindered by lax law enforcement and a lack of state and private incentives.Russia collected about 600,000 metric tons of used lubricants in 2015, and most of it was used as fuel, while...

Qatar Blockade Stokes Base Oil Worries

DUBAI, United Arab Emirates - The crisis that arose this month between Qatar and several of its neighbors is fueling unease over base oil supplies from the Middle East, amid fears the row could escalate and disrupt shipments. On June 5, Saudi Arabia, the United Arab Emirates, Egypt and Bahrain cut diplomatic relations with Qatar, accusing the wealthy Gulf...

Warranty Disclosure Bill Advances in N.J.

The New Jersey Assemblys consumer protection committee approved a bill last week that would require new car purchases to come with a summary of the Magnuson-Moss Warranty Acts anti-tying provisions.Bill A2612 mandates that automakers - through authorized dealers - provide a statement about warranty act rights in both English and Spanish to consumers within 90 days of a new...

Briefly Noted

Valvoline appointed Zafco as its authorized lubricants distributor in the United Arab Emirates. Bradford, Pennsylvania-based American Refining Group named David Breitigam vice president of environmental, health and safety. Evoniks resource efficiency segment unveiled its new Friction and Motion Competence Center in Darmstadt, Germany. The center will focus on development of mid-and long-range innovations for the lubricant market.
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