Home August 2, 2017

August 2, 2017

Volume 17 Issue 31

U.S. Base Oil Price Report

An increase by Kleen Performance Products followed close on the heels of Chevrons hike implemented on its API Group II base oils last week.Kleen Performance Products increased its Group II+ base oils by 10 cents per gallon on July 31.Sources believed the adjustment was prompted by the prevailing tight supply and demand balance and rising crude oil prices over...

EMEA Base Oil Price Report

Most base oil markets are usually subdued at this time of year, but price changes in Europe suggest that demand is steady.Crude prices have responded to an OPEC accord with Russia dictating that levels rise in summer to produce a platform for reduced production late this year and early next. Dated deliveries of Brent crude oil posted at around...

SSY Base Oil Shipping Report

U.S. markets are still uncharacteristically active this week, while Europe and certain routes in Asia are slightly slower.U.S. GulfIt is still busy on routes into Asia, but a lack of space in August means that cargoes are hard to fix. Several outsiders have already committed to go on berth in August, one with a cargo of 20,000 tons of...

ILSAC GF-5 Plus: Not if, But When?

With North American and Asian automobile manufacturers asking that a stop-gap GF-5 Plus category be inserted in the ILSAC series of passenger car engine oils and rushed to market by year end, the American Petroleum Institutes Lubricants Group can expect to chew through a heavily loaded plate of issues when it meets later this month.It should not be surprising...

Fire Erupts at Rerefinery in Denmark

Avista Oil stopped production at its API Group I base oil rerefinery in Kalundborg, Denmark, last week following a fire on July 24. The investigation into the incident and its cause is ongoing, and the company has not yet determined when the plant will be back in operation.A press release issued at 10:25 a.m. on the morning of July...

Q2 Earnings Round-up

Profits were up for Fuchs, Milacron and S-Oil, while SK Lubricants reported decreased operating profit, Valvoline posted a decline in operating income and Quaker Chemical reported decreased net income, all for the quarter ending June 30, compared to a year earlier.S-OilS-Oils lubricant base oil segment reported second quarter operating income of 129.4 billion South Korean won (U.S. $115.5 million),...

Gazprom Marine Oil Business Grows

Gazpromneft-Lubricants increased its marine oil sales by 7.5 percent in the first six months of 2017, compared to the year-earlier period, expanding the geography of its sales through integration in the Chevron global logistics network.The company is a licensed manufacturer and dealer of Chevrons Texaco-branded line of marine oils. In the first half of 2017, the company sold 7,400...

Summit Targets the Value of Quality

Lubricant sales and marketing maven Maura Schreier-Fleming will give the keynote address at the first-ever Petroleum Quality Institute of America Summit, coming Sept. 14 to the Cleveland, Ohio, area. A longtime lubricants expert with Mobil and Chevron and now head of the training and consulting firm Best@Selling, she will share the Secrets of Selling Value Over Price, as part...

Publishers Note: Lubricants Industry Factbook

Editors at Lube Reports sister publication, LubesnGreases magazine, have just put the finishing touches on our yearly Lubricants Industry Factbook. The 2017-2018 edition of this valuable guide is packed with eye-opening information about lubricant industry trends, statistics and standards.Wonder where U.S. base oil exports are flowing? See page 25. Need to figure out the market share of synthetic lubricants?...

Briefly Noted

Cincinnati-based Emery Oleochemicals appointed Eric Cecilio as global business director to lead its biolubricants division.
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