Home October 10, 2018

October 10, 2018

Volume 1 Issue 42

IHS: Crude Ripe for High Prices

Crude oil prices are more likely to maintain recent gains or continue rising than they are to decrease, an analyst told a lubricants conference yesterday in Palm Desert, California, citing looming United States sanctions against Irans oil petroleum industry and an already tight demand-supply balance.

Hefty Paychecks for Plant Managers

Plant managers at lube manufacturing plants and distribution facilities are compensated handsomely for overseeing a complex operation day in and day out, gauging from the 75 respondents who provided anonymous insights to the LubesnGreases 2018 Lubricants Industry Salary Survey.

Shell Completes Sale of Argentina Assets

Shell announced last week the closing of its sale of downstream assets in Argentina to Raizen - a 50-50 joint venture between the oil major and Brazilian sugar producer Cosan - under a deal announced in April of this year.

Briefly Noted

ConocoPhillips board of directors elected Admiral William H. McRaven to serve as a board member. Houston-based specialty chemicals supplierSoltex Inc.named Cloe West to its technical sales team.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

Chevron, Paulsboro and Kleen Performance Products stepped out with price increases this week, following ExxonMobils initiative, which was communicated a few days ago.-by Gabriela Wheeler
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