U.S. Base Oil Price Report
Motiva stepped out with a posted price increase, and was quickly followed by a number of suppliers, including Excel Paralubes, Chevron, Kleen Performance Products, and Avista Oil. On the naphthenic front, Cross Oil and Ergon also announced markups.–by Gabriela Wheeler
EMEA Base Oil Price Report
API Group I prices are stabilizing across Europe, the Middle East and Africa due to an uptick in demand and less availability of material. Meanwhile Group II values in Europe have fallen and Group IIIs are under pressure because of imports of unapproved grades and aggressive pricing for new Group II output within the region.–by Ray Masson
SSY Base Oil Shipping Report
The United States’ markets are largely stable but will be tested over the next week or so due to the American Fuel and Petrochemical Manufacturers event in San Antonio, Texas. European demand has improved somewhat, whereas that of Asia has declined slightly.–by Adrian Brown
Asia Base Oil Price Report
Despite plentiful availability of most base oil grades, sentiment in Asian markets has shifted, with some spot price ideas firming on the back of steeper crude oil and feedstock costs.–by Gabriela Wheeler
American Refining Group named Jon Giberson president and chief operating officer.
Brent Lok will retire from his role at Chevron Products Co. at the end of this month.
Kurt Bock joined Fuchs Petrolub as chairman of its supervisory board.