Business

Best Practices

October 6, 2014

Sara Lefcourt demonstrates how to watch the money in everything from buying raw materials to so-called fixed costs.

U.S. refinery production of base oils in the years first half reached 28.6 million barrels. Thats a gain of 2.9 percent over the 27.8 million barrels ...

Russian state-owned oil major Rosneft and petrochemicals company Sibur signed a five-year lubricants development and supply deal. Under the five-year ...

Group I Squeeze Continues

October 1, 2014

ALICANTE, Spain – At around 35 million metric tons per year, global base oil demand has been depressed in the past few years and it is expected ...

Supply fluctuations have overturned the normal order of pricing in Chinas base oil market this year, leading API Group I stocks to cost more than Grou ...

Shanghai-based DongHao Oil Group announced yesterday it entered a debt reconstruction agreement that it hopes will be its first step toward exiting a ...

No Volume Growth For N. America

September 24, 2014

North Americas finished lubricants consumption will remain little changed, with 0.5 percent compounded annual growth from 2013, to just shy of 3.1 bil ...

Asia-Pacific accounted for more than half of the 2.1 million ton total of global marine lubricant demand in 2013, consultancy Kline & Co. estimated, a ...

Expansion of Chinas vehicle population will probably continue to slow, but the market still has room for significant growth, an industry insider told ...

Industry Calendar

September 17, 2014

OCTOBER 13-15. ICIS Middle Eastern Base Oils & Lubricants Conference Intercontinental Festival City, Dubai, U.A.E. Email: cheryl.smith@rbi.co.uk W ...

Global Marine Lube Growth Flat

September 17, 2014

Global marine lubricant consumption will stay flat, with 1 percent compound annual growth per year from 2013, reaching about 2.3 million tons by 2023, ...

Eastman Chemical plans to acquire alkylamines and alkylamine derivatives producer Taminco for $2.8 billion cash, under an agreement that includes a 30 ...

Welcome to Amalie Arena

September 17, 2014

The sports arena in downtown Tampa Bay, Fla., was renamed Amalie Arena under a long-term partnership between lubricants blender and packager Amalie Oi ...

Traders Hurt by Market Shifts

September 16, 2014

Base oil traders in China are watching business dry up, partly because of an oversupply in the international market, speakers at an industry conferenc ...

Mixed Results for Fast Lubes

September 10, 2014

While U.S. quick lubes average ticket totals crossed the $70 mark for the first time, average yearly sales per store declined almost 11 percent from 2 ...

U.S. demand for full synthetic lubricants and functional fluids will increase 6.8 percent per year by value, to $6.3 billion (and 555 million gallons) ...

Chevron U.S.A. Inc.s Brazilian affiliate has established the companys first API Group II base oil supply hub in South America. Located at Rio de Janei ...

Best Practices

September 8, 2014

Sara Lefcourt lays out the business plan for taking action, rather than waiting for change to happen.

Rosneft Partners With Avtovaz

September 3, 2014

Russian state-owned oil giant Rosneft signed a partnership with the countrys largest auto maker, Avtovaz, which includes factory fill, industrial lube ...

Bureau Veritas, a French standards testing and certification firm, acquired U.S.-based oil analysis and condition monitoring specialists Analysts Inc. ...