Home January 18, 2017

January 18, 2017

Volume 17 Issue 3

U.S. Base Oil Price Report

Avista Oil announced a price hike for its API Group II base oil and the availability of a new Group III grade at its rerefinery, Increases announced previously by SK take effect this week, and Chevron surprised some observers by reducing its Group II postings.Avista Oil increased the posted price of its Group II cut by 15 cents per...

EMEA Base Oil Price Report

It may have taken a bit longer to reach Europe, the Middle East and Africa, but a wave of price hikes is now rolling through these regions.The main culprit was unquestionably crude oil prices, which now sit in the mid-50s dollars per barrel range, compared to the mid-40s six weeks ago. Thats a significant increase, but OPEC members and...

SSY Base Oil Shipping Report

Several routes out of the U.S. Gulf and Europe are reported to be progressing quite nicely with a reasonable amount of demand coming through. Asia is starting to come under the influence of the lunar holidays, and demand is dropping off quickly.U.S. GulfThere will come a point soon in which it will be hard to conclude business on the...

Shell to Hike Finished Lube Prices

Shell notified U.S. customers this week that prices for its finished lubricants will generally increase by up to 5 percent effective Feb. 20. The company attributed the adjustment in part to increasing costs of raw materials used in the production and delivery of its products.Following several rounds of base oil cuts during the second half of last year -...

Survey Spotlights Ukraine, Kazakhstan Markets

MOSCOW - Ukraine consumed 136 million liters and Kazakhstan consumed 42 million liters of engine oils for on-road vehicles in 2015, according to Moscow consultancy Autostat, which surveyed the two countries for the first time.Along with Russia, the two countries are part of the supranational regional entity called Commonwealth of Independent States.In 2015 Russian consumption of on-road automotive motor...

Nigerias Double Licensing Dilemma

A turf spat between government agencies has lubricant blenders in Nigeria doing double the paperwork and paying double the fees.Nigerian lube companies must obtain licenses and pay dues to both the National Agency for Food and Drug Administration and Control, and the Nigerian Department of Petroleum Resources. Each agency believes blenders fall under its oversight, although blenders believe licensing...

Brazil Raises Minimum Oil Standard

Brazils National Agency of Petroleum, Natural Gas and Biofuels raised the minimum performance levels for lubricants sold in Brazil, effective from the end of 2016, requiring them to meet API SL, API CH-4 or corresponding international standards.These minimum performance levels indicate the lubricants capacity to respond to the evolution of equipment, operational conditions, quality and types of fuels, and...

HollyFrontier Makes Senior Management Changes

HollyFrontier announced changes to its management team related to its pending acquisition of Suncor Energys Petro-Canada Lubricants. Mark Plake will resign as president of subsidiary Holly Logistics Services to preside over Petro-Canada Lubricants. President and CEO of HollyFrontier George Damiris will take Plakes role. Richard Voliva III will be promoted to executive vice president and CFO of HollyFrontier, effective...
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