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By George Gill • April 2, 2014
Shell Lubricants notified U.S.
customers on Monday that prices for Shell brand finished lubricants will
generally increase by up to 4 percent effective May 5.
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By Nancy DeMarco • April 2,
2014
Kline & Co. warns the base
oil industry to prepare for substantial capacity rationalization and weak
margins over the current decade, as demand growth slows and new capacity
depresses the market.
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By George Gill • April 2, 2014
ExxonMobil Chemical opened its
new metallocene polyalphaolefin synthetic lubricant base stock plant at its
Baytown, Texas complex, boosting the company’s global PAO capacity by
50,000 metric tons per year.
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By Joe Beeton • April 2, 2014
A fire last week at Fiske
Brothers’ Toledo, Ohio, lubricants plant resulted in no injuries but caused
approximately $8,000 in damages, according to the local fire department.
Plant operators and fire crews quickly contained the blaze.
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By Boris Kamchev • April 2,
2014
While Turkey’s lubricants
market has sustained growth, it is still marred by illicit base oil trade
despite government efforts to crack down, a Turkish oil industry
association official said.
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April 2, 2014
Calumet Specialty Products
Partners is
acquiring Tulsa, Okla.-based Anchor Drilling Fluids USA’s parent company,
ADF Holdings, for $235 million. Houghton International completed
its acquisition of Henkel’s
North American Steel Mill business, including rolling oils, pickle oils,
wet temper fluids and steel mill-specific cleaners. Automotive parts
company Chr.
Kapodistrias & Sons will distribute Castrol
products for BP
Eastern Mediterranean Ltd. in Cyprus.
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Base Oil Reports
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U.S. Base Oil Price Report
The U.S. base oils market
was dealt a full house in terms of posted price increases, with a number
of players joining those producers who had stepped out with announcements
earlier this month.–by Gabriela Wheeler
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EMEA Base Oil Price Report
Rising API Group I and Group
II prices throughout the EMEA markets have stabilized at last week’s
levels. Group l supplies from mainland suppliers are still tight, with
Baltic avails still not forthcoming.–by Ray Masson
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SSY Base Oil Shipping Report
European markets may not be
quite as firm as before, while Asian markets are steady and the U.S.
continues to endure a shortage of cargoes and weak rates.–by Adrian
Brown
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