Imperial to Shift Sarnia to Fuels
Imperial Oil last week said it will stop base oil production at its Sarnia, Ontario, refinery next year to focus on fuels. The plant has 2,800 barrels per day of API Group I and 3,800 b/d of Group II base oil capacity.
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Chevron: Bullish on Base Oils
Chevron’s recently stated plans to downsize its global downstream business do not affect its commitment to its base oil business, a company official told Lube Report.
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Lubrizol’s 4Q Earnings Sparkle
Lubrizol’s additives segment posted record operating income of $191.4 million for the quarter ending Dec. 31, up 105 percent from $93.3 million in the year-earlier quarter.
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Blast Hits Lube Output
A scrubber unit explosion Friday that damaged pollution control equipment at Calumet’s Shreveport, La. refinery forced the company to curtail base oil production at the site.
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Coastal, Recochem Expand Partnership
Coastal Blending and Packaging will manufacture antifreeze and windshield washer products that Recochem will sell throughout eastern Canada and New England, under an agreement announced last week.
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U.S. Base Oil Price Report
During the past week, not only did U.S. base oil postings remain unchanged, the market learned that the Imperial Oil facility in Sarnia, Ontario, plans to cease production of base oils, process oil and wax by early 2011.
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Europe-MidEast-Africa Base Oil Price Report
A confusing picture is evolving. Producers of base oils are in a quandary over whether to move prices, in what direction, and by how much. Buyers seize every negative in the market to talk prices down, but still rush to buy when it is perceived that the market is about to rise.
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SSY Base Oil Shipping Report
Another week of good activity across all markets. Asia will probably succumb to the lunar holiday celebrations, but Europe continues to pump out plenty of cargoes. The U.S. is visibly tighter for prompt loading, with the exception of the trade lane to Asia.
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