Home November 8, 2017

November 8, 2017

Volume 17 Issue 45

U.S. Base Oil Price Report

Tight conditions continue to reign in the United States, with several producers still reporting sold-out positions and a number of suppliers struggling to catch up on orders, despite the gradual restoration of output levels.Production rates at two large facilities in Texas, which had been shut down due to severe flooding caused by hurricane Harvey, were heard to have attained...

EMEA Base Oil Price Report

Base oil markets are yet to respond to weekend drama in Saudi Arabia that caused crude oil prices to jump to two-year highs. The impact will depend on the extent of that increase and also its sustainability as outsiders try to decipher the reasoning behind arrests and political power-grabbing by the ruler-in-waiting of the worlds biggest oil producer.Potential furthering...

SSY Base Oil Shipping Report

European markets continue to lag behind the other major markets in the United States and Asia in terms of activity. Freight levels in Europe are therefore soft in comparison to the other regions.U.S. GulfThe amount of business being conducted into Asia from the U.S. Gulf is quite enormous. Already, most of the regular ships report little or no remaining...

More U.S. Finished Lubricant Prices to Rise

Shell, BP Lubricants USA, Phillips 66, Citgo and Omni Specialty Packaging informed U.S. customers of upcoming price increases for finished lubricants that take effect from early through mid-December, citing factors such as rising costs in base oils, additives and other raw materials, as well as for packaging and transportation.Each company said some price changes may fall outside the general...

Quick Lubes Cut Semi-synthetic Prices

The average cost a quick lube charged for an oil change using five quarts of semi-synthetic oil dropped more than 20 percent to a bit more than $43, while declining less than 1 percent to just shy of $75 for full synthetic, compared to 2016, National Oil & Lube News reported in its 2017 Fast Lube Operators Survey.Published in...

ATIEL Expands Testing, Imposes Fee

The Technical Association of the European Lubricants Industry is expanding its program of monitoring engine oils certified as meeting ACEA specifications to include areas outside Europe, the associations president told a conference here two weeks ago.ATIEL has also instituted an annual registration fee of 975 to fund the program and this month introduces a trademark that registrants may display...

Q3 Kind to SK Lubricants, Safety-Kleen

SK Lubricants reported increased operating profit and Clean Harbors Safety-Kleen segment posted higher third-party revenues for the quarter ending Sept. 30, compared to a year earlier.SK Innovation announced that the operating profit for its SK Lubricants subsidiary jumped 23 percent to 144 billion won (U.S. $129.1 million). Sales revenue rose 25 percent to 750 billion won.In the third quarter,...

Russian Lubes Through a Global Lens

MOSCOW - Russias lubricant market is expected to rebound after a period of stagnation in the countrys economy and low consumer spending, while stringent original equipment manufacturer demands and fierce competition will define global lubricants in coming years, RPIs International Lubricants Conference heard here recently.Russian gross domestic product may grow between 1.5 percent and 2.5 percent annually over the...

NLGI Names New Executive Director

Crystal OHalloran is the new executive director of the National Lubricating Grease Institute, in Lees Summit, Missouri. A certified association executive with 12 years of association management experience and an MBA, shell lead the institutes global strategy and community outreach, manage operations, and drive membership growth and engagement. Kim Hartley, executive director since 2007, has been tapped as meeting...
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