Home October 2, 2019

October 2, 2019

Volume 2 Issue 40

Group I Pressure Forecast to Continue

The loss of market share that API Group I base oils have experienced for many years will likely continue and accelerate, and the rationalization pressure on small Group I plants in Europe and Asia will persist as Group II and III makes further inroads globally, an industry insider said at a conference.

Citgo Under Threat Again After Ruling

A United States appeals court lifted a hold Monday on Crystallex International Corp.s efforts to seize shares of refiner Citgo as part of a grievance with Venezuelas Petroleos de Venezuela S.A.

Growth Seen Looming for Additives

Global lubricant additive demand volume will grow 0.5 percent per year from 4.6 million tons in 2018 to more than 4.8 million tons by 2023, consultancy Kline & Co. projected, slightly less than the growth projected for finished lubricants due to a sharp decline in detergents for marine lubricants.

Briefly Noted

Tim Langlais joined Calumet Specialty Products Partners L.P. as director, strategy and growth, effective Aug. 30. Langlais most recently served as manager of the Worldwide Paraffinic Lube Refinery Performance Analysis (Lube Study) benchmarking program at HSB Solomon Associatesand previously spent six years with Ergons base oil marketing team and eight years at Phillips 66. California Fuels & Lubricants will distribute VP Racing Fuels products, including VP racing lubricants, to tracks and drivers throughout Southern California.

Base Oil Reports

purple world americas

U.S. Base Oil Price Report

A general market slowdown and retreating crude oil numbers may have prompted ExxonMobil to rescind a price increase that the company had announced just days earlier.-by Gabriela Wheeler
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