Home July 10, 2019

July 10, 2019

Volume 2 Issue 28

Base Oil Capacity Overhang to Shape Market

Its not an industry secret that the discrepancy between base oil production capacity and finished lubricants demand is growing, and that the current overhang is impacting the market as the bubble waits to burst. Insiders say rationalization within the industry is inevitable.

Optimizing Specification Development

A proposed new engine oil specification development process would disconnect engine test development from the specification development itself, with the goal of reducing delays related to new test development and to better prepare for future needs. The Lubricants Specification Development Review Group will seek approval from stakeholders by the end of this year.

Evonik Boosts Global Oil Additives Capacity

Evonik announced on Monday it is expanding its production capacity for polyalkylmethacrylate-based viscosity modifiers by 15 percent to meet rising demand. The oil additives provider has a global production footprint, including three plants in North America.

WD-40 Earnings Up

WD-40 posted net income of $18.1 million for the quarter ending May 31, up more than 12 percent from a year earlier, with net sales up 6.5 percent at $114 million.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

A number of base oil producers have taken a wait-and-see position, following Chevrons posted price increase last week.-by Gabriela Wheeler

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