Home October 4, 2017

October 4, 2017

Volume 17 Issue 40

U.S. Base Oil Price Report

Chevron announced a posted price increase this week, which will become effective on October 4. This is the second initiative to emerge in the paraffinic segment over the last few days, as Flint Hills Resources lifted prices about a week ago. On the naphthenic side, Ergon announced a price increase, and Cross Oil communicated a price hike as well.Chevron...

EMEA Base Oil Price Report

Raw material costs have risen, but base oil prices having already increased over the past couple weeks, so base oil buyers and sellers appear to be taking stock of exactly where the market stands in terms of pricing - and where it may be headed. Crude oil prices have flattened, which could reduce upward pressure on the cost side...

SSY Base Oil Shipping Report

Adrian Brown is away. His column will reappear next week.Adrian Brown is a senior market analyst for chemicals and base oils with SSY Shipbrokers, London, can be reached atfix@ssychems.comor +44 12 0750 7507. Information about SSY can be found atwww.ssyonline.com. In the Houston office,Steve Rosenthalof SSY's Chemical Tanker Department can be reached directly at +1 (713) 652-2700 and Jordi...

Dexos1 Gen 2 Taking Off

On Sept. 1, all licenses for General Motors first-generation Dexos1 passenger car engine oils expired - those products may no longer be manufactured.Only new generation products can be made now, and inventories of the obsolete products will soon be depleted.Licensing and approval of Dexos1-Gen 2 lubricants commenced at the end of 2015,allowing marketers to deploy them over the past...

Azmol Revives Lubes Plant With British Help

Ukrainian lubricants maker Azmol resumed production recently after restructuring following several years of dormancy.The restructuring was helped by two Ukranian investors.Located in the Azov Sea port city of Berdyansk, Azmol was one of the largest lubricant makers in the former Soviet Union. The company was created in 1937, and supplied the Soviet market with greases, automotive and industrial oils,...

Industry Strives to Correlate Engine Tests

When the auto and oil industries develop new engine tests for automobile engine oil specifications - as is happening now - there is always work that needs to be done to correlate replacement tests to the tests that they replace. The recent decision to develop API SN-RC PLUS as an interim upgrade there is sudden pressure on an ASTM...

Lubrizol Invests in Ohio Facility

Lubrizol opened its new drumming facility and warehouse in Painesville Township, Ohio, as part of the Wickliffe, Ohio-based companys five year, $100 million investment plan announced in April 2015. The combined 180,000 square foot facilities cost $70 million.More than half of all Lubrizol additives products worldwide at least one component manufactured at the Painesville Township site, the press...

Alternative Waxes Gain Market Share

MUMBAI, India - Global petroleum wax supply will continue to drift lower on shrinking sources of API Group I base stocks, paving the way for alternative waxes, but that wont be sufficient to meet the worldwide demand, so the overall wax market deficit will cross 600 million pounds by 2021, an industry consultant said at an event here in...

Briefly Noted

Desmond Des King, current president of Chevron Oronite Co. LLC, will retire on Feb. 1, 2018, after more than 36 years with the company. King will be replaced by Bruce Chinn, now general manager of Chevron Pascagoula Refinery, effective Jan. 1, 2018. Former Lubrizol executive Stephen Kirk was named board chairman for Valvoline, replacing William Wulfsohn, who stepped aside...

Correction

Due to an editing mistake, an article in the Sept. 27 Lube Report about Adnoc Distribution considering an initial public stock offering incorrectly described the amount of funds the company reportedly is considering trying to raise. News organizations recently reported Adnoc may offer stock worth more than 10 percent of the business, and earlier reports said the entire business...
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