January 14, 2015
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Volume 14 Issue 55
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By George
Gill • January 14, 2015
ExxonMobil and Phillips 66
each informed customers this week of finished lubricant price cuts that
will take effect in early February.
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By George
Gill • January 14, 2015
The Hamina, Finland,
rerefinery formerly owned by L&T Recoil Oy and EcoStream is back in
operation under new owner STR Tecoil Ltd.
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By Joe
Beeton • January 14, 2015
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.
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By Miriam
Raquel Sands • January 14, 2015
Aegean Marine Petroleum
Network announced that it will begin supplying and marketing marine
lubricants and fuels in Germany this month.
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By George
Gill • January 14, 2015
WD-40 Co. reported $10.8
million in net income for the quarter ending Nov. 30, up 6 percent from
a year earlier.
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January 14,
2015
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.
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Base Oil Reports
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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
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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
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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
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