Regulations

PdVSA Lube Chief Arrested

PdVSA Lube Chief Arrested

Lube Report Americas - March 13, 2020

The president of Petroleos de Venezuela S.A.’s lubricant business was one of several company officials arrested early ...

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Nynas Clears Reorganization Hurdle

Lube Report EMEA - March 13, 2020

Nynas AB cleared a significant hurdle in its reorganization efforts last week after the United States Office of Foreign ...

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Sri Lanka Chases Unauthorized Lubes

Lube Report Asia - March 6, 2020

A Sri Lankan government agency raided 15 retail shops in mid-February and confiscated unauthorized lubricants as part of ...

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IPAC Wins Case Against Distributor

Lube Report Americas - March 4, 2020

Lubricant additive supplier IPAC said last week that it has won two arbitration decisions against a former distributor a ...

Lubrizol Vows to Fight Charges

Lubrizol Vows to Fight Charges

Lube Report EMEA - March 3, 2020

Lubrizol will vigorously defend itself against charges of lax safety standards and pollution filed by French prosecutors ...

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Canada Permits Use of Toxic Chemical

Lube Report Americas - February 12, 2020

The Canadian government decreed this month that it will permit 9-octadecenoic acid (Z)- compound with (Z)-N-9-octadeceny ...

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Midterm Review Unlikely for Group II Quota

Lube Report EMEA - February 4, 2020

It is unlikely that the European Commission will review the new duty-free API Group II base oil import quota that it ado ...

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Brexit Complicates U.K. Lube Industry

Lube Report EMEA - February 4, 2020

The United Kingdom formally left the European Union on Jan. 31, triggering a transition period until the end of this yea ...

Amalie Awaits Settlement Approval in Lawsuit

Amalie Awaits Settlement Approval in Lawsuit

Lube Report Americas - January 29, 2020

Amalie Oil Co. and the plaintiffs of a class action lawsuit against the company have asked a Florida circuit court to gr ...

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Nynas Outlines Reorganization Next Steps

Lube Report EMEA - January 28, 2020

Nynas AB disclosed details and the next steps surrounding the companys reorganization efforts last week, including an at ...

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Belarus Halts Exports of Base Oils, Lubes

Lube Report EMEA - January 14, 2020

Belarus halted exports of base oils and finished lubricants this month in an effort to mitigate a potential energy crisi ...

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Nynas Regains Access to Bank Accounts

Lube Report EMEA - January 14, 2020

Nynas AB regained access to its bank accounts and will pay off expenses incurred during the past month, taking a step to ...

IMO 2020 Changes Shipping Rules

IMO 2020 Changes Shipping Rules

Lube Report Asia - January 10, 2020

The International Maritime Organizations IMO 2020 regulation was implemented at the start of the year, heralding big cha ...

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Nynas Files for Reorganization Protection

Lube Report EMEA - December 17, 2019

Nynas AB, one of the worlds largest suppliers of naphthenic base stocks, filed for reorganization protection in a Swedis ...

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IMO 2020 Brings Increased Base Oil Freight Costs

Lube Report EMEA - December 17, 2019

Compliance with the looming IMO 2020 will impact the cost of freight for African lubricant blenders, and some were advis ...

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Base Oil Quota Pressures European Market

Lube Report EMEA - December 10, 2019

Following the European Commissions adoption last month of a quota on duty-free API Group II base oil imports, industry s ...

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IMO 2020 Approaches

Lube Report Americas - November 27, 2019

With the IMO 2020 regulation on marine fuels scheduled to take effect in just over a month, vessel operators and ports a ...

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Calumet Fined for Inaccurate Earnings Report

Lube Report Americas - November 27, 2019

The Securities and Exchange Commission on Nov. 25 charged Calumet Specialty Products Partners L.P. with posting an inacc ...