Russia Refiners Fight Export Tax
Russia’s Ministry of
Economic Development yesterday said the government will review exempting base oil
from the new export duty, which one analyst says if enforced could “lead to a painful and slow death for some
base oil refiners in Russia.”
[FULL STORY]
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Bulgarian Oil Firm Gets Funding Injection
ADM Capital and the European Bank for Reconstruction and
Development (EBRD) jointly paid €48 million (U.S. $61 million) for a 30 percent
stake in Bulgaria’s Prista Oil Group.
[FULL STORY]
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Valvoline Finished Lube Prices Rise
Ashland Consumer Markets notified customers on May 14 that prices
for Valvoline brand finished lubricants will increase effective June 4.
[FULL STORY]
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Downey Departs Kline
William R. Downey, Jr., has left Kline & Co., where he
headed the consultancy’s energy practice, and has joined Roland Berger Strategy
Consultants as a partner.
[FULL STORY]
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Metalworking Fluids: STLE's 'Hot Topic'
Regulatory pressures continue to push metalworking
fluid formulators to find alternative chemistries, even in the absence of hard
data to back up restrictions
[FULL STORY]
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U.S. Base Oil Price Report
Base oil
activity remained fairly low-key for much of the past week, while posted prices
held firm. However, a sudden uptick in demand emerged Monday once the market
learned that an operational incident occurred at the Motiva Port Arthur
refinery over the weekend, causing a temporary shutdown.
[FULL STORY]
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Europe-MidEast-Africa Base Oil Price Report
In the EMEA base oil market suppliers
are still keen to raise prices even by $5 or $10 per ton, but it is becoming
more and more difficult to get buyers to accept any further increases.
[FULL STORY]
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SSY Base Oil Shipping Report
The month of May is
turning out to be a rather quiet one for shipping companies, whether they are
involved in the Americas, European or Asian markets. All areas are reported to
be very slow right now.
[FULL STORY]
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Correction
Heritage-Crystal Clean reported $270,000 in net income in
the first quarter of 2012. The amount was misstated in early editions of
“Heritage Oil Sales Higher” last week.
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