U.S. Base Oil Price Report
Avista Oil announced a price hike for its API Group II base oil and the availability of a new Group III grade at its rerefinery, Increases announced previously by SK take effect this week, and Chevron surprised some observers by reducing its Group II postings. –by Gabriela Wheeler
EMEA Base Oil Price Report
It may have taken a bit longer to reach Europe, the Middle East and Africa, but a wave of price hikes is now rolling through these regions. –by Ray Masson
SSY Base Oil Shipping Report
Several routes out of the U.S. Gulf and Europe are reported to be progressing quite nicely with a reasonable amount of demand coming through. Asia is starting to come under the influence of the lunar holidays, and demand is dropping off quickly. –by Adrian Brown
Asia Base Oil Price Report
Defying most historical trends, Asian spot base oil prices continued on an upward trek during the first couple weeks of January, driven by firm crude oil and feedstock prices, plus base oil tightening supply. – by Gabriela Wheeler
John Schaeffer Shields, chairman of Schaeffer Manufacturing Co. in St. Louis, Missouri, died Dec. 5 at the age of 91.
Eric Schnur is chairman, president and CEO of Lubrizol Corp. after a planned transition.
Roman Myrna was appointed vice president of manufacturing at Sonneborn.