Kline: U.S. Lubes Won’t Fully Rebound
Overall U.S. consumer automotive lubricants consumption declined at an average annual rate of 9.2 percent between 2006 and 2009, but overall market value remained unchanged at $5.1 billion, consultancy Kline and Co. found.
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API Completes Gear Oil Ballot (sort of)
API's Lubricants Group has voted 12 to one to define API GL-4 gear oil as a "Service Designation not in Current Use," a step towards declaring such oils obsolete.
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Shell Taps Pochteca
Pochteca Group will distribute Shell brand lubricants for the industrial and transportation segments throughout the Mexican Republic under a recently signed macro distribution agreement.
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World Fuel Acquires Western Petroleum
World Fuel Services Inc. will acquire Western Petroleum Co., including its wholesale lubricants distribution business, for $95 million.
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Monson Adds BASF’s PAG to Mix
Monson Co. recently began distributing BASF’s polyalkylene glycol base stocks and finished formulations.
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Posseidon Eyes Lubes at Sea
Two British scientists have developed a marine lubricant condition monitoring system that works while at sea and could prove a hit for commercial long haul ships such as cruisers, oil tankers or even national navy ships.
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U.S. Base Oil Price Report
The U.S. base oil picture is little changed from last week: the supply/demand situation is steady, with posted prices holding.
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Europe-MidEast-Africa Base Oil Price Report
It’s a lightweight week on the EMEA base oil scene, with very little reported price movement and few negotiations for new business.
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SSY Base Oil Shipping Report
Adrian Brown is away this week.
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Publishers Note: Fast Facts, No Fluff
The Lubricants Industry Factbook from Lubes’n’Greases is a timely collection of the facts and trends that define the global lubricants industry, with data on lubricants, base oils, additives, engine oil categories, tests and more. For information or to order, click here.
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