Home November 22, 2017

November 22, 2017

Volume 17 Issue 47

U.S. Base Oil Price Report

The U.S. base oil market is regaining its balance as facilities are running well and producers have started to rebuild inventories, but with the Thanksgiving holiday just around the corner, trading activity was slightly muted this week.Motiva was heard to have lifted its allocation last week, an indication that production at its Port Arthur, Texas, API Group II base...

EMEA Base Oil Price Report

The recent rise in crude oil prices appears to have finally filtered through to base oil as spot offers for exports have risen by $10 to $25 per metric ton, depending on API and viscosity grade. Contract prices also appear to face upward pressure as values come under review for the start of December.Crude costs have flattened more recently,...

SSY Base Oil Shipping Report

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

Volvo Foresees Synthetic Heavy-duty Oils

BOLOGNA, Italy - Rising performance demands will force heavy-duty engine oil formulations to shift from API Group II to Group III base stocks and eventually to Group IV and V, a Volvo official told an industry conference here recently.Volvo Heavy-duty Oil System Engineering Leader Magnus Horn told the Annual Congress of the Union of the European Lubricant Industry that...

Rerefineries Planned in North Africa

Two rerefineries are projected to start operation in Egypt and Algeria in 2018, each producing API Group II base oil, according to industry sources. Hitech Oils and Greases owns the project in Egypt, and Rebex Oil Group owns the one in Algeria. Since I believe that Africa is the future and that there is a huge potential for growth...

Rosneft Steps in for PdVSA in Cuba

Russian oil major Rosneft began shipping an emergency supply of base oils and other petrochemical products to Cuba earlier this year after the Caribbean islands primary supplier, Petroleos de Venezuela (PdVSA), cut regular shipments because of financial problems, a consultancy said.Last year Rosneft bought a 49.9 percent stake in Houston, Texas-based Citgo, state owned Pdvsas refining and lubricants and...

Mixed Opinions on Synthetic MWFs Future

Synthetic metalworking fluids are expected to grow at a compound annual rate of 3 percent to 3.5 percent by 2021, according to Kline & Co. consultancy. Not all industry players, however, are convinced synthetic fluids are a superior option to semi-synthetics.A 2015 study conducted by Caterpillar Inc. found synthetic metalworking fluids have a longer sump life, yield lower operating...

Italmatch Snaps Up Elco

Elco Corp. parent Detrex and global specialty chemicals company Italmatch Chemicals have entered into a merger agreement, the companies jointly announced early last week. Italmatch will pay $27 per Detrex share, or nearly $45.9 million cash, to create a new subsidiary. The deal is expected to close by Dec. 31.Cleveland, Ohio-based Elco, Detrexs operating subsidiary, manufactures high performance specialty...

Amalie Joins Finished Lubes Price Hike Parade

Amalie Oil Co. announced to customers it would raise prices by 32 cents per gallon for all oil and automotive chemical products and/or by 4 cents per pound for all greases effective Dec. 16, citing substantial price increases in raw materials such as additives, base oils, corrugated materials, plastic and transportation. Other companies that planned finished lube price hikes...

Briefly Noted

Calumet Specialty Products Partners L.P. closed on the $84 million sale of Anchor Drilling Fluids USA LLC of Tulsa, Oklahoma, to QMax America Inc., a subsidiary of QMax Solutions Inc. Calumet acquired the drilling fluids company in March 2014. Fall River, Massachusetts-based Triboscience & Engineering Inc. acquired Opus Tertiums G-Lube specialty lubricants business in Dallas, Texas, which focuses on...
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