Home August 23, 2017

August 23, 2017

Volume 17 Issue 34

U.S. Base Oil Price Report

Additional posted price decreases emerged on the heels of Motivas adjustments, with sources reporting that Flint Hills Resources, Phillips 66 and ExxonMobil would be lowering postings this week.Flint Hills Resources notified its customers that the company would be reducing its API Group II 70/75HC and 100HC grades by 5 cents per gallon, its 230HC cut by 11 cents/gal and...

EMEA Base Oil Price Report

Demand for European exports of API Group I base oils remains strong, featuring large inquiries for deep-sea locations from West Africa to Central and South America, but arbitrages to the Middle East Gulf and India are firmly closed, mainly due to lower priced, local products.The unseasonably high demand is causing some confusion about the markets outlook for coming months....

SSY Base Oil Shipping Report

With the exception of Europe, there have been few signs of the fabled summer doldrums in either the U.S. or Asia, where rising demand for vessel space has caused freights to increase.U.S. GulfAugust space into the Far East filled out some time back, and now September is looking very tight on space. A combination of strong spot demand and...

Can API Shore Up SN Category?

WASHINGTON, D.C. - While meeting here last week to consider a proposed supplemental engine oil category, the American Petroleum Institutes Lubricants Group also discussed how to shore up the engine tests used for the API SN engine oil category in order to avoid its demise.The Lubricants Group laid out the action items needed to sustain API SN and SN-Resource...

Group II, III March Forward

Demand for API Group I base stock in lubricants is expected to continue to decline through 2026, gradually superseded by Group II and III in automotive applications but remaining popular in industrial applications, according to Kline & Co.The Parsippany, New Jersey-based consultancy estimated global demand for lubricant base stocks at 35.5 million tons in 2016.However, Group I is expected...

Gazpromneft-Lubricants Sales Grew in H1

Gazpromneft-Lubricants sold 140,000 metric tons of lubricants in the first half of 2017, up 16 percent compared to the year-earlier period, the company said.In the first half of 2017 Gazpromneft-Lubricants sold 24,000 tons of its G-Energy-branded oils, up 26 percent from the year-earlier period, the company said in a news release on Monday. G-Energy is the companys flagship brand.In...

Mixed Results for BASF

BASFs performance products segment reported lower income from operations during the second quarter, while income from operations was up for its chemicals segment, compared to year-earlier results.The companys performance products segment posted 363 million (U.S. $427 million) in income from operations in the second quarter, down 27 percent. The chemicals segment was up 144 percent at 1.1 billion, which...

Briefly Noted

German motor oil and aftermarket additive specialist Liqui Moly is expanding its distribution in the United Kingdom and Ireland, through marketing of its products by Rapid Group, an association of 12 independent automotive dealerships with 123 branches. ExxonMobil will provide lubricants and technical services to customers of Primetals Technologies, a plant-building services provider for the metals industry. This will...
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