Home September 27, 2017

September 27, 2017

Volume 17 Issue 39

U.S. Base Oil Price Report

Flint Hills Resources stepped out with a price increase this week on the back of tight supply conditions brought by hurricane-related plant outages along the U.S. Gulf Coast.Flint Hills notified customers it will be increasing its API Group II 70/75 and 110-vis oils by 11 cents per gallon, and its 220 and 600-vis grades by 14 cents/gal, effective Sept....

EMEA Base Oil Price Report

Base oil markets are reverberating with talk of geopolitical hotspots and natural disasters that are causing crude oil and oil product prices to move upward. Rising tensions between the United States and North Korea, an independence referendum by Iraqi Kurds and nationalists gains in German elections have had varying effects on oil prices, as have hurricanes, floods and earthquakes.Base...

SSY Base Oil Shipping Report

Rates are unchanged on most routes out of the U.S. this week. European activity is stable, and freight levels are stationary. Asia has been surprisingly active and rates firmed on some routes, in spite of predictions to the contrary.U.S. GulfWith September space fully covered into the Far East, traders have been working their way through Octobers list of ships,...

Hurricane Harvey Impacts PAO Production

Chevron Phillips Chemical has declared force majeure on its polyalphaolefin and metallocene PAO produced in North America, due to impacts of Hurricane Harvey. Industry sources say the company warned disruptions could last until December.The hurricane brought record flooding to southeastern Texas in late August, resulting in the closing of Chevron Phillips Chemicals Cedar Bayou petrochemical refinery, which has a...

Adnoc Distribution Considers Listing

Abu Dhabis Adnoc Distribution, which markets finished lubricants under the Voyager brand, could offer stock worth more than 10 percent of its value by early 2018, according to unconfirmed press reports. Earlier reports suggested an initial public offering of the business - which also includes filling stations, service centers and convenience stores - could value the company at up...

Wind Turbine Lube Demand to Increase

CHICAGO - Wind turbine lubricant demand is expected to grow at a compound annual rate of 7.5 percent through 2020 thanks to a healthy increase in wind turbine installations, said Chuck Coe at the ICIS North American Industrial Lubricants conference held here.According to Coe, president of Grease Technology Solutions, wind turbine lubricant demand reached between 70 million pounds and...

Lukoil Grows its Marine Oil Business

Russian lubricant marketer Lukoilexpects to increase its share in the global marine oil market on the heels of increased sales and expansion of its supply volumes to several heavyweight shipping companies.The company aims to capture 12 percent of the market this year, up from 10 percent in 2016, said Victor Zhuravskiy, head of Lukoils marine lubricants subdivision. The current...

Hydrodec Trims Operating Losses

Transformer oil rerefiner Hydrodec posted an operating loss of $2.1 million for the six months ended June 30, improving from a $3.1 million operating loss in the year-earlier period.The company reported revenue of $9 million for first half of this year, up 11 percent from $8.1 million a year earlier, which Hydrodec attributed to improved pricing and sales mix.Total...
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