Home October 25, 2017

October 25, 2017

Volume 17 Issue 43

U.S. Base Oil Price Report

HollyFrontier, ExxonMobil, and Paulsboro issued price increases within the API Group I segment this week, following several initiatives in the Group II tier, while Avista Oil communicated a price increase for its Group II base oil grade.HollyFrontier lifted all of its Group I posted prices by 12 cents per gallon, with the exception of bright stock, which was not...

EMEA Base Oil Price Report

Base oil prices in European, Middle Eastern and African markets appear to have flattened out, although some prices are being tugged in both directions within the ranges in this report. There are perhaps a greater number of intra-company movements this week, with a number of majors supporting markets around the globe by bridging stocks of API Group I and...

SSY Base Oil Shipping Report

Nothing has changed fundamentally this week. Europe is still the slowest of all the major markets, whereas the markets in Asia and the United States are both slightly stronger.U.S. GulfDemand has picked up the pace into Asia, and now space has become tight through the first half of November, even though several additional ships have been brought on berth....

Russian Commercial Lube Demand Rises

Russias total commercial vehicle fleet consumed 533,000 tons of lubricants in 2016, up 3.3 percent compared to the year before, driven by the increased freight turnover, introduction of new passenger transportation routes and increased road construction, a market study found.Out of these 533,000 tons, road construction and other off-road machinery consumed 209,000 tons of lubricants, according to RPIs study....

Saudi Arabia to End Driving Ban on Women

Last month Saudi Arabia lifted its longstanding ban on women drivers, fuelling speculation the landmark decision will trigger a surge in vehicle sales and, by implication, finished lubricant consumption. Superficially, the numbers looking compelling - Saudi Arabia has a female population around 14 million - but hopes that the ending of the ban next June will stoke the kingdoms...

Q3 Earnings Wrap-up: HCC, WD-40

Rerefiner Heritage-Crystal Clean posted a drop in revenue for its Oil Business segment in the third quarter ending Sept. 9, while WD-40 saw a minor increase in net income for the quarter ending Aug. 31, the fourth quarter of its fiscal year, compared to results a year earlier.Heritage-Crystal CleanHeritage Crystal Cleans oil business segment - which includes used oil...

Blue Chip Aims Across Africa

South Africas Blue Chip Lubricants said the completion of its 43,000 tons per year blending facility in Johannesburg earlier this year will enable it to embark on large-scale blending of lubricants for the South African and sub-Saharan African markets.Blue Chip Lubricants is the sole blender and distributor in Africa of Q8Oils lubricants, a product of Kuwait Petroleum Corporation.We will...

Briefly Noted

Hamburg, Germany-based Lehmann & Voss & Co. is now the exclusive distributor in Europe for South Korean chemical company Songwon Industrial Co.s antioxidants used in lubricant additives.
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