Home June 19, 2019

June 19, 2019

Volume 2 Issue 25

Brazils Lube Market Rebounds

Lubricant demand in Brazil jumped to 399,000 metric tons for the first four months of this year, a 5 percent increase compared to the same period of 2018. The results buoyed expectations for the market, which swelled slightly in 2018 after four years of big declines.

Thirst for Natural Gas Engine Oils Grows

Demand for engine oil used in natural gas engines is projected to grow over the next few years as governments push for cleaner fuel alternatives, according to a market report by consultancy firm Kline & Co.

Sol Shutters Jamaica Distributorship

Sol Petroleum Jamaica Ltd., a subsidiary of a Shell lubricants macro distributor, will shut down its lubricants business effective June 30 after its parent company decided to discontinue operations in the Caribbean island country.

Briefly Noted

New Jersey-based remote monitoring equipment company Anova acquired Portugal-based Intelligent Sensing Anywhere, which provides remote monitoring solutions via the internet for the oil and gas market, including for lubricant storage tanks. ISA has additional offices in Brazil, the U.S. and Canada.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

The base oils market seems to have switched to summer mode, with activity described as healthy but slightly less vibrant than a couple of weeks ago, and prices staying flat.-by Gabriela Wheeler

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