Volume 2 Issue 11
Markets out of the U.S. Gulf are almost entirely focused on contractual shipments, meaning that space is very tight for spot cargoes. European and Asian markets are both plodding on - nothing spectacular, but nothing critical either.-by Adrian Brown
Amalie Oil Co. entered into a letter of intent to purchase the United States business of Lubricating Specialties Co., according to an announcement issued by LSC on Monday. Terms were not disclosed for the agreement, which is expected to close on or before May 31.
The American Petroleum Institute is posting information on unauthorized oils displaying API engine oil certification marks on a new web page, as part of a continuing effort to call out counterfeiters.
Calumet Specialty Products Partners posted $18.1 million in net income for 2018s fourth quarter, much improved from an $83.6 million net loss in the year-earlier period. For the full year, the company had a net loss of $55.1 million, improving from a loss of $103.8 million for 2017.