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.
LNG Publishing Company
Senior Editor, Lube Report
Office: +1 (703) 536-0800
George Gill is Lube Report senior editor, joining LNG in 2006. He is responsible for weekly production of the firm’s popular newsletter; he reports and writes news articles and edits stories and columns. He also contributes feature articles for the firm’s monthly magazines.
Prior to LNG, Gill was business editor at the Loudoun Times-Mirror, a weekly newspaper in Leesburg, Va. He wrote business features and news articles, and oversaw production of the newspaper’s business section. Gill holds a BA in English from George Mason University.
The average cost that quick lubes charge for a semi-synthetic oil change dropped more than 20 percent to around $43 while the price for a synthetic change declined 1 percent to $75, National Oil & Lube News reported in its 2017 Fast Lube Operators Survey.
Profits were up for S-Oil and for Milacron’s Fluid Technologies segment, while Afton Chemical reported lower operating profit, BP’s lubricants business recorded lower profits, Quaker Chemical posted decreased net income, and Fuchs’ third quarter profit after tax was unchanged, all for the quarter ending Sept. 30.
Transformer oil rerefiner Hydrodec posted an operating loss of $2.1 million for the six months ended June 30, improving from a $3.1 million operating loss in the year-earlier period.
United States quick lubes’ average ticket totals reached $76.46, up 7.1 percent, and the average number of oil changes per day rose to 34, up about 7 percent from the year before, National Oil & Lube News reported in the first part of its 2017 Fast Lube Operators Survey.
Global lubricant demand is expected to increase at a compound annual rate of less than 1 percent, to 41 million metric tons by 2021, according to consultancy Kline & Co., with the continued shift to synthetics both suppressing volumetric growth and boosting revenues in some countries.
Global lubricant demand is expected to increase at a compound annual rate of less than 1 percent, to 41 million metric tons by 2021, according to consultancy Kline & Co., with new vehicle sales and changing vehicle parcs driving passenger car motor oil demand in several Asian countries.
Ingevity Corp. will acquire Georgia-Pacific’s pine chemicals business – including tall oil fatty acids used in metalworking fluids and corrosion inhibitors – for $315 million in cash. Subject to conditions and regulatory approvals, the transaction is expected to close in late 2017.
BASF’s performance products segment reported lower income from operations during the second quarter, while income from operations was up for its chemicals segment, compared to year-earlier results.
Demand for API Group I base stock in lubricants is expected to continue to decline through 2026, gradually superseded by Group II and III in automotive applications but remaining popular in industrial applications, according to Kline & Co.
Fresh off its launch of Group III production at its used oil rerefinery in Troeglitz, Germany, Puraglobe outlined its marketing and used oil feedstock collection plans in an interview with Lube Report.
Calumet Specialty Products Partners LP's net income rebounded in the second quarter, Afton Chemical’s operating profit slipped, Clean Harbors’ Safety-Kleen segment reported higher third-party revenues, and BP’s lubricants business posted lower profits.
U.S. sales of automotive aftermarket supplies – including motor oils – were up just slightly in the first six months of this year, compared to the same period of 2016, NPD Group reported, hindered by a slowdown in growth of miles driven by consumers.
Avista Oil stopped production at its API Group I base oil rerefinery in Kalundborg, Denmark, last week following a fire on July 24. The investigation into the incident and its cause is ongoing, and the company has not yet determined when the plant will be back in operation.
Labels on automatic transmission fluid should be clearer in some states starting in January, following recent handbook amendments adopted by the National Conference on Weights and Measures that also provide criteria for how to substantiate performance claims for multi-vehicle and “suitable-for-use” ATFs.