U.S. Base Oil Price Report
Phillips 66 and Petro-Canada announced increases for their API Group II+/III base oils, after earlier adjustments to their Group II postings. With crude oil prices reaching three-year highs, U.S. suppliers felt justified in having increased prices this month, as production costs continue to rise.–by Gabriela Wheeler
EMEA Base Oil Price Report
With base oil prices continuing to rise, buyers are wondering how high they might go and worrying about the effects on finished lubricant prices. –by Ray Masson
SSY Base Oil Shipping Report
The European market has fared better than other regions this week. Asia has flopped again, and the U.S. looks rather ragged in places. Rising bunker costs are becoming a major factor for owners who will be trying to recoup the extra cost through higher freights.–by Adrian Brown
Asia Base Oil Price Report
Market participants were keeping an anxious eye on crude oil and feedstock prices, as climbing indications over the last few weeks have squeezed base oil margins and resulted in higher numbers.–by Gabriela Wheeler
Greg Croce of Chevron Products Co. was named president of STLE at its annual meeting in Minneapolis.
Regina Harm was promoted to president of Afton Chemical Corp..
Ergon announced that its founder, Leslie B. Lampton, Jr., died April 17 in Jackson, Mississippi.