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.
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
Technologies – which manufactures and supplies
oleochemical derivatives for lubricant and metalworking formulations –
officially changed their names to Vantage Specialties Inc.
Base Oil Reports
U.S. Base Oil Price Report
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
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