Petrobras to Expand Duque de Caixas Lubricants Plant
Brazilian fuel distribution company Petrobras Distribuidora SA, a subsidiary of Petróleo Brasileiro S.A. (Petrobras), said in a securities filing last Thursday it will expand the production capacity of its Duque de Caixas lubricants plant by 55 percent to 42 million liters per year.
[FULL STORY]
|
TOTAL, Shell and Phillips 66 Announce Lube Price Increases
TOTAL Specialties USA announced a price increase of 3 to 5% for most branded lubricant products effective April 30, 2018 while Shell (SOPUS Products) said it will implement a price increase of up to 10% on finished lubricants effective May 7, 2018 and Phillips 66 announced a price increase of up to 10% on its finished lubricants effective May 14, 2018.
[FULL STORY]
|
Petrolimex to Show QR Code on Motor Oil Labels to Deter Counterfeiting
Hanoi, Vietnam-headquartered Petrolimex has added a QR code on the packaging of its lubricants to help customers identify the origin of goods. PLC said the authentication stamp would enable customers to get detailed information about products such as quality, user guide, and certificates of quality and origin and avoid purchasing counterfeit goods.
[FULL STORY]
|
Calumet Reports Revised 4Q and FY 2017 Results
Calumet reported last Monday it suffered a larger fourth quarter loss than it first reported four weeks ago, losing $83.6 million vs. $79.6 million in the year-ago quarter and $64.9 million stated in its original fourth quarter report. Revised net loss for the year was $103.8 million vs $328.6 million for 2016 but higher than the $85.1 million originally reported.
[FULL STORY]
|
EPA to Ease Back Emissions Standards
Environmental regulators announced last Monday they will ease emissions standards for cars and trucks. The EPA said it completed a review that will affect vehicles for model years 2022-2025 but it did not specify details on new standards. Current regulations require the fleet of new vehicles in real-world driving to get 36 miles per gallon by 2025.
[FULL STORY]
|
↵
|
