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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