Home June 6, 2018

June 6, 2018

Volume 1 Issue 23

Venezuelan Market Battered by Economy

Venezuelas economic and political crisis has hammered its vaunted petroleum industry, and the nations lubricant market is suffering along with it.

Progress on Tests, Test Limits for GF-6

Work continues on a variety of tests, test parameters and engine and bench test limits necessary for completion of the ILSAC GF-6 passenger car engine oil category.

SK Capital Acquires SI Group

Private investment firm SK Capital Partners agreed to acquire Schenectady, New York-based SI Group, a global developer and manufacturer of performance additives and intermediates, for an undisclosed amount.

More U.S. Finished Lube Price Hikes

ExxonMobil, Cam2 International and Smittys Supply each notified customers of upcoming general price increases on finished lubricants taking effect in mid-June and early July. Factors cited included increased costs for base oil, additives and freight. ExxonMobil will raise prices by up to 9 percent effective July 1, Cam 2 will increase prices by 4 to 9 percent effective June 16, and Smittys Supply will raise prices by 4 to 9 percent effective June 16.

Briefly Noted

Canadian specialty chemical distributor Chemroy recently signed a distribution agreement with BASF, allowing the Ontario-based company to manage the global lubricant suppliers portfolio of base oils, surfactants and additives throughout Canada. Authentix named Kevin McKenna as its new president and CEO, succeeding Bernard Bailey, who will remain as chairman of the board. The Addison, Texas-based company provides end-to-end authentication solutions to help safeguard customers lubes and other refined products.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

The first signs of the traditional summer slowdown have emerged in the U.S. base oil market, with demand tapering off slightly, and supply described as ample to cover current requirements.-by Gabriela Wheeler
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