Home September 6, 2017

September 6, 2017

Volume 17 Issue 36

U.S. Base Oil Price Report

Output disruptions and transportation issues continue to affect the base oils business in the aftermath of Hurricane Harvey, which hit the U.S. Gulf Coast last week, leaving more than 60 dead and a path of destruction in its wake.The Category 4 hurricane, which was downgraded to a Tropical Storm after it made landfall in Corpus Christi, Texas, on Aug....

EMEA Base Oil Price Report

After a placid summer, base oil markets in Europe, the Middle East and Africa awoke with a start the past week, jolted by the end of the vacation season, ripples from Hurricane Harvey crude oil price destabilization caused by tensions over North Korea.Flooding from Harvey forced the shutdown of several oil refineries along the U.S. Gulf Coast, resulting on...

SSY Base Oil Shipping Report

The effects of Hurricane Harvey have yet to emerge, but most analysts concur that in the short-term there will be changes to established product flows since so many production sites in the U.S. Gulf have been disabled.U.S. GulfWith nearly every chemical producer having declared force majeure, either as a precaution or as a direct result of damage or flooding,...

Refineries Move to Reopen

A week after Hurricane Harvey stopped drenching the U.S. Gulf Coast, there were signs of good news for the lubricants industry as refineries containing the nations two largest base oil plants moved to reopen.Motiva said yesterday that it was in the final stages of assessing equipment and initial stages of restarting operations at its Port Arthur, Texas, refinery, home...

Gazprom Neft Starts Process Oil Production

Gazprom Neft last week commissioned a process oil production unit at its refinery in Omsk, Western Siberia. The U.S. $7 million plant has 17,000 metric tons per year capacity and is operated by Gazpromneft-Lubricants.The company said it introduced its own technology for production of distillate aromatic extract for manufacturing of oil-extended natural or synthetic rubber used for production of...

Bringing in the NextGen Workforce

WASHINGTON, D.C. - Manufacturers across the United States are reporting a shortage of skilled workers and applicants, as millennials shy away from training programs and careers in manufacturing. A panel of manufacturers met to discuss how to cater the hiring process to millennials workplace desires and increase employee retention rates at last weeks Petroleum Packaging Councils fall meeting held...

Guide Takes Measure of Synthetic Stocks

When it comes to mineral base oils, the bulk of global supply is firmly in the hands of multinational oil majors, like ExxonMobil, Chevron, Shell and SK Lubricants, and government-controlled national oil companies (think Aramco, Petrochina, Sinopec). Those seven players hold over 40 percent of conventional base oil refining capacity.But what about nonconventional base stocks?If you include API Group...

Briefly Noted

Fuchs Petrolub SE and DMG Mori Aktiengesellschaft signed a collaboration agreement to launch a technology partnership to jointly develop new lubricant solutions and services for machine tool applications. Russian oil major Lukoil signed a lubricants supply contract with diamond mining company Alrosa, which claims to account for almost a third of global rough diamond production.
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