Home December 20, 2017

December 20, 2017

Volume 17 Issue 51

U.S. Base Oil Price Report

Base oil participants reiterated that 2017 had been a very unusual year, with all the unexpected events that altered the supply picture, culminating with producers seeing the year off with better balanced inventories than in Decembers past.Suppliers typically have to make an effort to place material during the last few weeks of the year in order to avoid product...

EMEA Base Oil Price Report

Inquiries and negotiations for base oil purchases have slowed noticeably this month, as they often do, but numerous cargoes are still due to be shipped between now and early January, suggesting the market may be more active than normal this holiday season.OPEC and other oil-producing nations agreed recently to extend crude production cuts through the end of 2018, but...

SSY Base Oil Shipping Report

It has been a slightly slower week in Europe, Asia and the United States, but this may be due to tight tonnage availability on some routes as well as judicial logistical planning that has obviated the need for last minute re-supply.U.S. GulfCargo volumes remain strong into Asia. Traders are still seeking December space, which is not really feasible unless...

Ineos to Build Low-vis PAO Plant in Texas

Ineos Oligomers announced Dec. 14 its final investment decision to build a 120,000 metric tons per year low-viscosity polyalphaolefin plant at its Chocolate Bayou, Texas, petrochemical refinery. Scheduled for start-up in 2019s third quarter, the project will make Ineos by far the worlds leading PAO producer, with total capacity of 350,000 t/y.The investment amount was not disclosed.The new plant...

Ford Progresses on 6.7L Diesel Test

HOUSTON - Ford continues to progress in its development of a shorter test for valve train wear in heavy-duty diesel engines and expects to incorporate it into the companys WSS-M2C171-F1 engine oil specification by mid-2018, an official told the Heavy Duty Diesel Engine Oil Classification panel here earlier this month.Fords Ron Romano also suggested the company could eventually recommend...

Imperial Says Goodbye to Group I

Imperial Oil will discontinue production of API Group I base oils, waxes and finished lubricants at its refinery in Strathcona, Canada, by early 2018, an industry source confirmed last week.This would be the latest in a long line of Group I plants to have closed the past two decades as base oil demand in North America and Europe shifts...

Industrial Oils to Remain Flat

Global demand for general industrial lubricants and grease is expected to remain stagnant though 2021, hovering around 6.4 million tons, said Kline & Co. in a webinar last week.Over the past five years, general industrial oil and grease demand has declined slightly, but has remained in the 6.4 million to 6.5 million ton range, according to Kunal Mahajan, project...

Briefly Noted

Distributor Hallmark Oil Ltd. will market Chevron Lubricants Texaco brand products in Ghana.

Correction

A rerefinery planned by Green Oil and Lubes, the subject of a Dec. 13 article Romanian Rerefinery Closer to Completion, is being designed to produce API Group II base stocks.
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