Volume 2 Issue 43

SSY Base Oil Shipping Report

The meteoric rise in clean petroleum freight that occurred last week was not replicated in the chemical shipping market. However, there has been sustained demand in all regions and on some routes freights have moved up, albeit cautiously.-by Adrian Brown

Fuchs Acquires American Lube Blender

The Fuchs Group acquired American synthetic lubricants blender Nye Lubricants Inc., the companies announced on Monday, expanding Fuchs' specialty lubricants product portfolio.

Lithium Prices Give Back Ground

Lithium prices have fallen in recent months, offering respite to lubricating grease producers who had been squeezed by a run-up triggered by the popularization of electric vehicles.

Results Down for HCC, WD-40

Heritage-Crystal Cleans oil business segment reported a small decline in revenues for its third quarter, and WD-40 posted steep declines in net income for the fourth quarter of its fiscal year, compared to results a year earlier.

From Other Editions of Lube Report

Briefly Noted

Pilot Thomas Logistics will distribute Castrol‘s ePods, an oil dispensing system for oil changes, to Castrol customers in the Northeast United States, after the two companies reached an agreement this week.