Tuesday, 1 April 2014

Lube Report 1 April 2014

April 1, 2014
Volume 1 Issue 13

Lube Report

The world’s growing hunger for fuel-efficient engine oils is good news for API Group III base oils, but the market will be oversupplied by 1 to 2 million tons per year for the next five years or longer, predicts U.S. consultant Stephen Ames.

The chief executive of Sri Lanka’s largest lubricant supplier complained recently that the island country does too little to ensure fair play in the lubes market. He and other suppliers called for closer regulation to safeguard consumers and prevent losses to the nation’s exchequer.

Shell opened a ¥1.8 billion (U.S. $290 million) lubricant technology center in Shanghai last week. The world’s largest lubricant supplier hopes the facility will help it attract more business in China and in neighboring countries.

The Malaysian government announced that a mandate for the use of diesel containing 5 percent biofuel will be extended to the whole country in July.

Lubes'n'Greases Classic
Packaging design is as much science as art. The process requires close interaction between the design team and production experts – because a package that looks great is still poorly designed if it causes hangups on the filling line or buckles during shipping.

A brief in the March 25 issue incorrectly reported that ISU Exachem was an export agency for a Hyundai Oilbank and Shell joint venture base oil refinery. Exachem provided the original information but later stated that it was not true.

Base Oil Reports

Asia Base Oil Price Report

Conditions were mostly stable in the Asian base oils market, with higher-viscosity stocks being more widely offered in the spot market and availability of low-vis grades still described as tight. – by Gabriela Wheeler

No comments:

Post a Comment