Home July 3, 2019

July 3, 2019

Volume 2 Issue 27

Sequence IVB Rules Approved

The API Lubricants Group closed the last key Base Oil Interchange/Viscosity Grade Read-Across task force ballots and indicated full approval on June 10 for rules for the Sequence IVB low-temperature valvetrain wear test.

Milacron Mulls Cimcool Sale?

Milacron Holdings Corp. may be considering a sale of its Cimcool fluid technology unit, which makes metalworking fluids, Bloomberg reported on June 28.

Aging U.S. Vehicles Trend Continues

The average age of light vehicles in the United States rose more than 10 percent, from 10.6 years in 2010 to 11.7 years in 2018, and is projected to edge up to 11.8 years in 2019, according to data in the latest report jointly published by Automotive Care Association and the Automotive Aftermarket Suppliers Association.

Briefly Noted

Brenntag announced the acquisition of Tulsa, Oklahoma-based B&M Oil Co., a lubricants distributor which serves its home state. B&M Oil is a bolt on acquisition for J.A.M. Distributing, Brenntag said. Denver, Colorado-based private equity firm Lariat Partners sold its ownership interest in Offen Petroleum, which distributes lubricants throughout Colorado and its 13 surrounding states.

Base Oil Reports

purple world americas

SSY Base Oil Shipping Report

July looks to be a promising month for the U.S. Gulf, and the over-supply of ships has eased a little in Europe, but trade remains very flat in the Asian markets.-by Adrian Brown

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