Slowdown Dents China’s Lube Demand
China’s estimated 2007 finished lubricants market of 5.3
million metric tons valued at $10.6 billion was second only to the United
States in volume, consultancy Kline and Co. concluded in a recent study, though
the country’s economy this year isn’t immune to the effects of the recession
gripping the U.S. and much of the world.
[FULL STORY]
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Total Picks Canusa
Total Lubricants Canada has signed a five-year lubricants
distribution agreement for Canusa Automotive Warehousing to distribute Total automotive
lubricants and coolants in Ontario.
[FULL STORY]
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Transformer Oils Feed UK Fire
A large quantity of transformer oil blazed more than 10
hours at a power substation in Harlesden, a suburban town in the London borough
of Brent, on Thursday.
[FULL STORY]
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Argentina: Bright Spot for Lubes?
Argentina’s lubricant market grew more than 50 percent from 2002 to 2007 and was on track to reach nearly 350,000 cubic meters (92.5 million gallons) this year – before the late ’08 global economic crisis hit. Can the country’s agricultural and automotive sectors weather the storms and keep driving lubricant demand?
[FULL STORY]
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Nynas Adds Russia, Indonesia Offices
Nynas Naphthenics said it will soon open new offices in
Moscow, Russia, and in Jakarta, Indonesia, markets where the company sees much
potential for its naphthenic specialty oils.
[FULL STORY]
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U.S. Base Oil Price Report
As this week ends so does 2008, and all is quiet on the home front in the U.S. base oils market. Even producers chopping posted prices mid-month by approximately 60 cents per gallon did not spawn any fresh spot business transactions.
[FULL STORY]
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Europe/MidEast/Africa Base Oil Price Report
Not being of the persuasion to look backwards, we should now be looking at what is currently happening to prices, and how this will affect these levels in the future. We will surely see further weakness in base oil prices in the first part of the New Year.
[FULL STORY]
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