Finished Lube Prices Spike
Numerous major oil companies have informed customers of
finished lubricant price increases over the last several weeks, with several
citing rising raw material costs as a key factor.
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Universal Unveils Rerefinery
Universal Lubricants on Monday hosted a ceremony to mark the
opening of its API Group II rerefinery in Wichita, Kan., local media outlets reported
yesterday.
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Maxum Acquires Mid-State Industrial
Maxum Petroleum recently acquired Mid-State Industrial
Lubricants Co., which serves coal mines, coal-related businesses and natural
gas companies in West Virginia’s central Appalachia region.
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Shell Shuffles Execs
Lisa Davis – current general manager, business to business,
for Shell Lubricants in the United States – will become vice president of Shell
Lubricants Americas this month, succeeding Steve Harman, who is departing for a
new position as head of Shell Downstream cost leadership in London.
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U.S. Base Oil Price Report
Overall activity in the U.S. base oils market continued at a fairly slow pace this week, reflecting the usual summer doldrums, sources said, although there continues to be fairly robust demand for heavy paraffinic grades, with less attention noted for light vis.
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Europe-MidEast-Africa Base Oil Price Report
At least the Europe-Middle East-Africa base oil market is relatively simple to read, in terms of quantitative and directional analysis. Prices are bullish overall, and are following the upward feedstock trend of most clean petroleum products in the market.
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SSY Base Oil Shipping Report
Within Europe, the run of cargoes has dried up somewhat this week, and one or two outbound deep-sea routes look a little flat. The Americas are reasonably busy, with most ships finding onwards business. Varied amounts of business in Asia, both locally and back to the West, are causing freights to lift some more.
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Publisher's Note: Fast Facts, No Fluff
The first annual Lubricants Industry Factbook from Lubes'n'Greases is a timely compendium of statistics and trends that define the global lubricants industry, with data on finished lubricants, base oils, additives, engine oil categories and tests, and more. See full story for information or to order.
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