North America

U.S. Base Oil Price Report

August 10, 2022

Cross Oil joined those naphthenic producers who had communicated price decreases last week. The adjustments were prompted by lower crude oil and feeds ...

Automakers have expressed interest to address additional issues in the latest passenger car motor oil specifications for North America before adoption ...

The U.S. Environmental Protection Agency and an Indiana state government agency have reached a settlement with Metalworking Lubricants Co. for alleged ...

Saudi Aramco announced on Monday a $2.7 billion deal to acquire Valvoline’s Global Products business, which is its lubricant and maintenance product ...

Naphthenic base oil producers communicated price decreases this week on softer market fundamentals. An unplanned production outage and force majeure d ...

Sales Up for HCC

August 3, 2022

Heritage-Crystal Clean’s oil business segment reported 45% higher revenue for its second fiscal quarter ending June 18, getting a boost from increas ...

Base oil demand remained healthy despite uncertainties brought about by volatile crude oil and feedstock prices, inflation and a possible recession, w ...

OQ Chemicals said Tuesday it reached a final investment decision to build additional propionic aldehyde capacity as well as infrastructure to support ...

A special committee of the American Petroleum Institute is drafting a recommended practice for calculating the environmental sustainability of finishe ...

Afton Chemical Corp. announced today that it completed a $70 million expansion at its lubricant additive factory in Sauget, Illinois – a project tha ...

There were no posted U.S. base oil price changes this week. Gabriela Wheeler is away. Her column will reappear in the July 27 edition of Lube Report A ...

Uptake of electric vehicles in the United States has passed the 5% tipping point, setting the world’s second-largest auto market on the path to mass ...

Base oil market participants seem to have adopted a wait-and-see position on the back of changing fundamentals. Plunging crude oil values lifted some ...

WD-40 Profit Declines

July 13, 2022

WD-40 reported net income of $14.5 million for the quarter ending May 31, a 31% drop from the same period last year, while net sales for its maintenan ...

United States base oils production declined 2% in April, compared to the same month last year, a U.S. government agency reported last week. Output of ...

Base oil market activity remained steady given avid buying interest from downstream lubricant segments during the summer driving season, although busi ...

The United States exported 33% more and imported more than 110% more automotive, diesel and marine engine lubricating oils in 2021 than the country di ...

Ineos Oligomers announced this week the startup of its new 120,000-metric-tons-per-year low viscosity polyalphaolefins unit at its facility in Chocola ...

With only a few days to go before the 4th of July holiday weekend and the summer driving season in full swing, lubricant demand has seen an uptick ove ...

U.S. Vehicle Ages Rise

June 22, 2022

The average age of light vehicles in the United States rose 9% to 12.1 years in 2021, from 11.1 years in 2012, and is projected to bump up to 12.2 yea ...