Home July 26, 2017

July 26, 2017

Volume 17 Issue 30

U.S. Base Oil Price Report

Chevron stepped out with a price increase this week on the back of persistently tight market conditions and generally steady demand.Chevron will be increasing its API Group II 100R base oil by 10 cents per gallon to $2.75/gal and its 220R also by 10 cents/gal to $2.85/gal, effective July 26. The price of the producers 600R will not be...

EMEA Base Oil Price Report

Another week where stability seems to be the rule, with few changes to base oil price levels throughout the European, Middle Eastern and African regions.There have been some tinkerings and adjustments, mainly due to buyers insistence while finalizing a deal, but these changes have been small and stayed within current ranges. The overall sentiment is stable to slightly weak,...

SSY Base Oil Shipping Report

The U.S. is still remarkably active and freights are firm. Both Europe and Asia have some quiet sectors, but there are also routes where more activity has been recorded.U.S. GulfJuly space into the Far East is almost entirely covered, with the main exceptions being one or two ships that have slipped back on dates and have, therefore, been cancelled...

ATF Labels Face a Rewrite

Labels on automatic transmission fluid should be clearer in some states starting in January, following recent handbook amendments adopted by the National Conference on Weights and Measures that also provide criteria for how to substantiate performance claims for multi-vehicle and suitable-for-use ATFs.The NCWM adopted changes to the labeling and documentation requirements in NIST Handbook 130 for transmission fluids. These...

Repsol Invests in Puertollano Plant

Repsol is investing 5 million (U.S. $5.8 million) to raise production at its Puertollano blending and packaging facility, the company announced earlier this month. This investment to increase its domestic and international lubricant supply comes as a part of Repsols 2017 to 2021 strategic plan.Ivn Corral Pedraz, an internal communications officer, told Lube Report the investment will be used...

Automakers to API: Update GF-5 Now

American and Asian automakers have sent an official request to the American Petroleum Institute, urging that it create as soon as possible a supplement to the existing ILSAC GF-5 standard for gasoline-fueled engine oils. The automakers say a GF-5 Plus supplement would immediately beef up the existing specification by measuring how well oils protect engines from low-speed pre-ignition.The supplement...

HCC Reports Strong Second Quarter

Heritage Crystal Cleans oil business segment - which includes used oil collection activities, sales of recycled fuel oil and re-refining activities - posted $31.3 million in revenue for the quarter ending June 17, up 11.3 percent from $28.1 million in the year-earlier period.The Elgin, Illinois-based rerefiner cited higher pricing for base oil products, offset by lower used oil collection...

Briefly Noted

LyondellBasell announced on Friday a final investment decision to build a $2.4 billion plant in the Houston area by 2021 that will produce 470,000 metric tons per year of propylene oxide and 1 million t/y of tertiary butyl alcohol. A portion of the latter will remain in the domestic market as high purity isobutylene, which is used in lubricants....
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