Home June 28, 2017

June 28, 2017

Volume 17 Issue 26

U.S. Base Oil Price Report

The market remains tight in the United States, with producers reporting healthy demand and underscoring that conditions were not likely to ease until August or September.A majority of suppliers were focusing on fulfilling contract obligations, while extra availability was generally deemed fairly limited, which supported stable posted and spot prices.Buyers argue that base oils are under downward pricing pressure...

EMEA Base Oil Price Report

European, Middle Eastern and African base oil markets are showing a surprising return to strength, particularly export demand for API Group I products, which has grown almost overnight. This surge has yet to be fully explained, since availability is certainly not a problem; demand simply seems to be outstripping supply, especially for heavier neutrals.At the same time, crude and...

SSY Base Oil Shipping Report

The U.S. market has seen a slight upturn in demand, whereas Europe is merely treading water. Asia, inundated with open tonnage during a period of slack demand, is not making progress.U.S. GulfDemand into Asia has improved, causing freight levels to gently rise. Styrene is behind much of it. China had muttered that it would impose an anti-dumping duty on...

Could Capital Boost Port Arthur Base Oils?

After becoming the sole owner of Motiva, Saudi Aramco announced plans to invest $18 billion in its U.S. downstream business. The company has offered little detail, but lube industry analysts say it could lead to changes at Motivas base oil plant in Port Arthur, Texas.Saudi Aramco is making base oils a strategic focus, and Motiva is a big part...

Russian Motor Oil Exports Rebound In 2016

MOSCOW - Russian motor oil export volumes grew 17 percent in 2016, while imports barely gained ground, according to a consultancy.Last year Russian exported 337,000 tons of motor oil, rebounding from 287,000 tons in 2015, and exceeding the 315,000 tons exported in 2014, Moscow-based Autostat told GBCs CIS Base Oils and Lubricants conference here May 25.These gains are on...

New Mexico Files Suit Against Dollar General

New Mexicos attorney general filed a lawsuit against Dolgencorp LLC, owner of Dollar General, alleging the discount retail store chain engaged in unfair advertising and trade practices in selling its store brand motor oil. The suit also claims the oil diminished the states air quality.Dollar General sell its DG Auto brand motor oil, in SAE 10W-30 and SAE 10W-40,...

Russian Police Foil Counterfeit Lubes Operation

Moscow police raided a business last week to shut down production and online sale of allegedly counterfeit motor oils.The economic security and anticorruption unit of the Moscow Ministry of Internal Affairs discovered about 13,000 liters of counterfeit motor oils, packed and ready for shipping. Police estimated the worth of the products at 1.2 million rubles ($20,400).During the operation, we...

CP Chem Outlines Management Changes

Chevron Phillips Chemical Co. announced President and CEO Peter Cella intends to retire effective Aug. 1, and will be succeeded by Mark Lashier, currently executive vice president for commercial. The company also announced several additional management changes effective July 1: Senior Vice President for Manufacturing Scott Sharp will become executive vice president for manufacturing; Senior Vice President for Projects...

Briefly Noted

The Timken Co. yesterday announced an agreement to acquire Gorinchem, Netherlands-based Groeneveld Group, a provider of automatic lubrication solutions used in on- and off-highway applications, for $280 million. Effective July 17, Sea-Land Chemical Co. becomes an authorized distributor for Lockhart Chemical Co., representing its branded additives and surface protection technologies products to the lubricants market in North America. IMCD...
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