Home February 22, 2017

February 22, 2017

Volume 17 Issue 8

U.S. Base Oil Price Report

Following a couple of fairly uneventful weeks, the U.S. market appears to be gradually gathering steam, as buying interest for many base oil grades has started to improve.This phenomenon is not completely unexpected, as there are several factors influencing fundamentals, one of them being the start of the spring production cycle.Finished lubricant producers were heard to be slowly building...

EMEA Base Oil Price Report

Base oil buyers, traders and sellers are absorbing news from last weeks ICIS World Base Oils & Lubricants Conference in London, along with this weeks I.P. Week in the same city. Among the main topics of discussion was an API Group II plant now under construction at ExxonMobils refinery in Rotterdam. Attendees also chattered over Saudi Aramcos announcement that...

SSY Base Oil Shipping Report

All the main regions, with the exception of Asia have seen slightly less new business compared to the previous week. For the most part though, rates have either stayed unchanged, or are a little stronger.U.S. GulfThe so-called meat and potato routes from the U.S. Gulf to the Far East have not really experienced much activity this week. These would...

Saudi Aramco to Market Group I, II and III

Saudi Aramco announced Thursday the launch of a base oil marketing business, marking its shift to an active supplier rather than a somewhat passive base oil investor.The oil titan said it will offer API Group I, II and III base stocks but did not identify their sources.Photo: Ali Jarekji/NewscomSaudi Aramco will soon be marketing aramcoDura, aramcoPrima and aramcoUltra as...

ICIS Panelists Debate Spec Development

LONDON - The process for developing automotive engine oil specifications has been a hot topic for the past several years. Many in the lubricants industry have begun to question the efficacy of a system that is consuming more and more resources, in terms of both cost and time.As consultant Brian Crichton noted, The absolute cost of bringing a product...

Strong Year for Fuchs, Cosan

Fuchs Petrolub SE and Cosans lubricant production and distribution arm - renamed Moove last year - reported increased profits and sales for 2016.Mannheim, Germany-based Fuchs reported 260 million (U.S. $274.2 million) in profit after tax for 2016, a 10.1 percent increase from the previous year, according to provisional figures issued Feb. 16.Fuchs reported 2.3 billion in sales revenue for...

Industrial Synlubes Maker AML Acquired

Japanese lubricant manufacturer Moresco Corp. will purchase U.S. blender AML Industries by May next year, the company announced in a press release last week.According to our medium-term plans, we are expanding into growing markets like North America. We plan to expand and strengthen our lubricant business in North America and the region, said the release. The company said it...

JV Mixes Wind Turbine Lube, Maintenance Expertise

Castrol created a joint venture with Romax Technologys InSight business, which provides condition monitoring and predictive maintenance services for wind turbines.In a news release, Castrol said the deal will combine its global reach and knowledge of wind turbine lubrication with Romax InSights expertise in predictive maintenance, software and data analytics for wind turbines. According to the announcement, Castrol will...

Briefly Noted

Angus Chemical announced a new distribution strategy for its portfolio of nitroalkanes and their derivatives sold in Europe, with the transition to new distribution agreements - begun Jan. 1 - expected to be completed by late spring. Lehmann&Voss&Co. will handle such distribution for Angus for the metalworking fluids market in the Pan-European region, including Turkey, and after April 1,...
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