Wednesday, 9 September 2015

Lube Report 9 September 2015

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September 9, 2015
Volume 15 Issue 36

Lube Report

Global lubricant demand – including process oil and marine engine oil – is projected to grow about 1.5 percent per year to 42 million tons by 2019, up from just over 39 million tons in 2014, according to consultancy Kline & Co.

U.S. output of lubricant base oils rose 10 percent in the first six months of this year, versus the same period a year earlier, according to data released last week by the U.S. Energy Information Administration.

Bulgarian lube maker Prista Oil is upgrading the blending technology at its Ruse lubricants blending plant in Bulgaria, and hopes to persuade others to do likewise.

U.S. quick lubes’ average yearly sales per store rose to $694,189 this year, up 1.6 percent from 2014, National Oil & Lube News reported.

Metalworking fluids maker Houghton International appointed Marcello Boldrini as its senior vice president and president of global metals, leading its specialty product lines for major metal industries.  Lambent Technologies – which manufactures and supplies oleochemical derivatives for lubricant and metalworking formulations – and Petroferm officially changed their names to Vantage Specialties Inc.

Base Oil Reports

U.S. Base Oil Price Report

As discussions were slowly starting to surface following the Labor Day holiday, news that Motiva would be lowering the price of two of its paraffinic oils nudged market players to sit up and take notice.–by Gabriela Wheeler

EMEA Base Oil Price Report

Base oil markets in Europe, the Middle East and Africa are idling, with neither sellers nor buyers knowing where the market is actually heading despite prices gradually sloping down.–by Ray Masson

SSY Base Oil Price Report

Parts of Europe have cooled substantially and certain trade lanes in Asia are fragile. U.S. markets are mostly robust, although there have even been a few cracks starting to appear there.–by Adrian Brown

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Monday, 7 September 2015

Lube Report 8 SEPTEMBER 2015

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September 8, 2015
Volume 2 Issue 36

Lube Report
Lube Report Asia Chinese

Dutch additive supplier BRB International is partnering with a Singapore engineering firm to build a viscosity index improver factory that will open next July.

Hi-Tech Lubricants Ltd., a Pakistani supplier of SK Lubricants’ Zic brand, is set to expand its share of the domestic market with a new blending plant and initial public offering.

Total Lubmarine, the marine lubricants arm of French energy giant Total, said its shipping activity in China’s Tianjin port has resumed following the area’s Aug. 12 explosion, yet is still subject to minor delays.

ExxonMobil and Tata Motors launched a range of co-branded lubricants offered for commercial vehicles.

Zhonghai Jinxiang Co. finished building a hydrotreater that will turn feedstock from a bitumen refinery into lubricating base oil. The facility, located in Luzhou city, Sichuan province, has capacity of 150,000 metric tons per year.  American Multi-Color Corp., which provides labeling for motor oil clients, has acquired Malaysia's Super Enterprise Holdings Bhd. (Super Label).  

Base Oil Reports

Asia Base Oil Price Report

Despite the ups and downs of crude oil prices, base oil values have generally dropped in Asia on bearish sentiment and a downbeat outlook. – by Gabriela Wheeler

Monday, 16 February 2015

Lube Report 14 January 2015

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January 14, 2015
Volume 14 Issue 55

Lube Report

ExxonMobil and Phillips 66 each informed customers this week of finished lubricant price cuts that will take effect in early February.

The Hamina, Finland, rerefinery formerly owned by L&T Recoil Oy and EcoStream is back in operation under new owner STR Tecoil Ltd.

Chevron Oronite announced that it doubled detergent capacity at its plant in Gonfreville, France, that it will build a carboxylate production facility at its Singapore plant, and that it will upgrade and expand in Belle Chasse, La.

Aegean Marine Petroleum Network announced that it will begin supplying and marketing marine lubricants and fuels in Germany this month.

WD-40 Co. reported $10.8 million in net income for the quarter ending Nov. 30, up 6 percent from a year earlier.

Tony Jin, base oil global marketing team leader for SK Lubricants Co. Ltd., was appointed president of SK Lubricants Americas Inc.  Qatar Fuel (Woqod) completed a feasibility study on a factory for engine oil production, a Woqod official said at a Dec. 31 press conference.

Base Oil Reports

U.S Base Oil Price Report

After a couple of weeks of fairly quiet fundamentals in the U.S. base oil market, Ergon said on Jan. 8 that it would decrease prices of its naphthenic oils effective Jan. 13. Calumet communicated shortly after that it would be moving down prices as well.–by Gabriela Wheeler

EMEA Base Oil Price Report

Base oil markets throughout Europe, Middle East and Africa are returning to the post-holiday reality of rapidly declining levels, with buyers still waiting for inevitably lower prices.–by Ray Masson

SSY Base Oil Shipping Report

Trade has remained muted across all main regions because commodity prices have still not bottomed out and buyers are taking their time before confirming purchases.–by Adrian Brown