Home November 15, 2017

November 15, 2017

Volume 17 Issue 46

U.S. Base Oil Price Report

Base oil availability is improving in the United States, but many producers are still unable to participate in the spot market given a lack of extra volumes beyond those needed to meet contractual obligations.This was particularly the case within the API Group I segment, with suppliers reporting that they continued to be approached by buyers - both domestic and...

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and Africa appeared stable to firm the past week as the specter of crude oil cost escalation seemed to lessen.Sellers have been talking prices upwards at almost every opportunity, with API Group I spot offers climbing from levels set around a month ago, Group II contracted supplies coming under pressure to...

SSY Base Oil Shipping Report

Adrian Brown is away this week and next week. His column will reappear in the Nov. 29 issue.

Bapco to Market Under New Neste Pact

Neste and Bapco have entered a new commercial agreement enabling the Bahraini refiner to begin marketing base oils while securing Neste a sizeable share of API Group III base oils from their joint venture plant.The new marketing arrangement will run until the end of next year, though Neste says any renewal in 2019 and beyond is subject to further...

API SN Plus Advances

The American Petroleum Institutes Lubricants Group met in Detroit last week to discuss the new supplemental API SN PLUS engine oil category and when it will be implemented. API is proposing May 1, 2018, as a viable date to begin licensing products that meet the new designation, which will increase protection for small displacement, direct injected and turbocharged engines.This...

Engine Oil Demand Seen Rising in Africa

As large as it is, Africa has long been overlooked by lubricant suppliers looking for fertile markets. But analysts and industry insiders contend that a variety of factors suggest that engine oil demand in many parts of the continent will grow for the foreseeable future.A recent study by Hexa Research forecasts that engine oil demand in Africa will reach...

Q3 Earnings Wrap-up

Valvoline reported increased operating income, Nynas posted an increase in sales and Cosans lubricant business segment reported higher net revenue, all for the quarter ending Sept. 30.ValvolineValvoline reported an operating income of $99 million combined for its three operating segments - North America, quick lubes and international -- for its fourth fiscal quarter ending Sept. 30, up 3.1 percent...

More U.S. Finished Lube Price Increases

Valvoline, Petro-Canada, Total and Fuchs notified U.S. customers about upcoming increases in finished lubricant prices, most citing the escalating costs of materials such as base oil. Valvoline will increase prices on branded lubricant products by up to 5 percent effective Dec. 1. Petro-Canada America Lubricants Inc. will impose hikes of 28 cents per gallon or 4 cents per pound...
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